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Homogeneous product |
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Homogeneous productThe product of an industry in which the outputs of different firms are indistinguishable. Contrasts with differentiated product.Similar MatchesHomogeneous expectations assumptionHomogeneous expectations assumptionAn assumption of Markowitz portfolio construction that investors have the same expectations with respect to the inputs that are used to derive efficient portfolios: asset returns, variances, and covariances. First degree homogeneousFirst degree homogeneousHomogeneous of degree 1. Homogeneous of degree 1Homogeneous of degree 1The same as linearly homogeneous and, for a production function, constant returns to scale. See homogeneous of degree X. Zero degree homogeneousZero degree homogeneousHomogeneous of degree zero. Homogeneous functionHomogeneous functionA function with the property that multiplying all arguments by a constant changes the value of the function by a monotonic function of that constant: F(lV)=g(l)F(V), where F(·) is the homogeneous function, V is a vector of arguments, l>0 is any constant, and g(·) is some strictly increasing positive function. Special cases include homogeneous of degree X and linearly homogeneous. Further SuggestionsHomogeneousHomogeneous of degree X Linearly homogeneous Homogeneous of degree zero |
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