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Market structures.

   

Added on  2023-04-21

9 Pages437 Words174 Views
Market structures
Market structures._1
Market structure
Market structure is defined according to the characteristics of the
market.
Some of the important characteristics that market structure
considers are extent of product differentiation, ease of entry and
exit, level of competition, and strength of sellers and buyers.
These characteristics affects the nature of pricing and
competition.
Market structures._2
Types of market structure
Some of the types of market structure includes-
Perfect competition
Monopolistic competition
Monopoly
Oligopoly
Duopoly
Market structures._3

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