ECONOMICS
COMPETITION AND MARKET STRUCTURES
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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milk and eggs
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shirts and jeans
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computers and smart phones
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couches and chairs
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Detailed explanation-1: -Examples of standardized products include agricultural products (such as grain and milk), most mined minerals, and fish.
Detailed explanation-2: -Standardized food products are those which are defined under regulations. For examples, fruit jam, fruit drinks, sauces, biscuits and carbonated water, etc.
Detailed explanation-3: -CHAPTER 7 KEY CONCEPT A market structure is an economic model that helps economists examine the nature and degree of competition among businesses in the same industry.
Detailed explanation-4: -Oils and Fats. Fish and Fisheries products. Meat and Meat Products including Poultry. Sweets, Confectionery, Sweeteners Sugar & Honey. Cereals & Cereal Products Standards. Functional Foods, Nutraceuticals, Dietetic Products and Other Similar Products. Pesticides and Antibiotic Residue. Milk and Milk Products. More items