The maximum amount of time is 10 years. Two terms of five years.
Although new methods and machinery simplified work and increased output, industrialization introduced new problems as well. Some of the drawbacks included air and water pollution and soil contamination that resulted in a significant deterioration of quality of life and life expectancy
Answer:
Homogeneous Products
Explanation:
In a perfectly competitive market, buyers treat the product produced by different firms as homogeneous. So they are willing to pay the same price for products of different firms. No firm, therefore, can charge a price higher than the market determined Price
