Why is the assumption of homogenous products important for the horizontal demand curve of individual firms?

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Economics An Introduction To Traditional And Progressive Views

ISBN: 9780765616685

7th Edition

Authors: Howard J. Sherman, E. K. Hunt, Reynold F. Nesiba, Phillip A. O'Hara, Barbara A. Wiens-Tuers

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Question Posted: Nov 08, 2023 08:58 PM

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Why is the assumption of homogenous products important for the horizontal demand curve of individual firms?

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The assumption of homogeneous or homogenous products is important for understanding the shape of the horizontal demand curve of individual firms in ce...View the full answer

Economics An Introduction To Traditional And Progressive Views

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