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Asked by Rohan Anand on Jul 06, 2024

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Which of following is an example of a homogeneous product?

A) Gasoline
B) Copper
C) Personal computers
D) Winter parkas
E) both A and B

Homogeneous Product

A good or service that is considered identical or uniform across different sellers, making it difficult to distinguish based on attributes other than price.

Gasoline

A volatile, flammable liquid derived from petroleum, primarily used as fuel in internal combustion engines.

Copper

A reddish-brown metal that is highly conductive to electricity and heat, extensively used in electrical wiring and plumbing.

  • Distinguish between homogeneous and differentiated products.
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DC
Delaney Clare BarcelliJul 10, 2024
Final Answer :
E
Explanation :
Gasoline and copper are both commodities that are produced and traded in standardized units without any differentiation. They are therefore considered homogeneous products. Personal computers and winter parkas, on the other hand, can vary in features and quality, making them heterogeneous products.

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