Market Structure: Types, Determinants and Significance
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Added on 2019-09-26
About This Document
This blog explains the concept of market structure, its types, determinants and significance in economics and marketing. It discusses the major determinants of market structure, such as the number of sellers and buyers, the nature of products and services, and the degree of differentiation. It also explores the four common market structures found in any economy, including perfect competition, monopolistic competition, monopoly, and oligopoly. The blog concludes by discussing the significance of market structure on a country's economy and how it affects pricing and competition.
Market Structure: Types, Determinants and Significance
Added on 2019-09-26
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