Answer:
Perfect Competition
Explanation:
Firms operating in a market situation that creates perfect competition, sell their product in a market with other firms who produce identical or extremely similar products.
Homogeneity of Products is a major characteristic of firms operating in a perfect competition.
In other words, the product supplied by all firms operating in the market has essentially the same physical features and quality as similar products from other suppliers. One product can easily be substituted for the other.
