homogeneous products


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homogeneous products

any identical goods offered in a market by competing suppliers. Given complete knowledge, buyers will regard the products as perfect substitutes for one another and will have no ‘preference’ for the products of particular suppliers. Homogeneity results in all suppliers having no ability to charge other than a common price for their products.

See PERFECT COMPETITION, PRODUCT DIFFERENTIATION.

References in periodicals archive ?
Our first model (to be called the increasing marginal costs model) retains the homogeneous product structure of the G&V model but relaxes the constant marginal costs assumption.
Gilbert and Vives' type 2 overinvestment result rests critically on the dual assumptions of a homogeneous product and a constant marginal cost.
14 percent and for the 271 industries producing homogeneous products it is 37.
While the mean concentration level of all 309 industries hardly changed at all from 1963 to 1977, the mean concentration level of the 127 industries producing heterogeneous products increased by about three percentage points and the mean concentration level of the 182 industries producing homogeneous products decreased by one percentage point.
Testing of Homogeneous Products UL provides global testing of elements in the RoHS directive through a combination of UL facilities, UL qualified laboratories and UL qualified customer labs.
The manufacturers in this brand-conscious industry which is dominated by a few companies who produce essentially homogeneous products, have had to revise their marketing and positioning strategies.