Copper product is made by an industry that best illustrates the concept of homogeneous oligopol. A few firm produce a standard copper product.
An oligopoly may be categorized as either a homogeneous oligopoly or a differentiated oligopoly. In a homogeneous oligopoly the major firms produce identical products, such as steel bars or aluminum ingots. Prices tend to be uniform in homogeneous oligopolies.
An oligopoly can produce either homogeneous or differentiated products. A homogeneous product is not distinguished by quality differences from products produced by other firms. Price is the single most important dimension along which firms producing homogenous products compete.
To learn more about homogeneous oligopoly visit the link
https://brainly.com/question/3588704
#SPJ4
