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- The components of market structure include12345:
- Number and size of sellers: Determines the level of competition.
- Entry and exit barriers: Influence the ease of new companies entering or leaving the market.
- Nature of the product: Whether products are identical (perfect competition) or differentiated (monopolistic competition).
- Pricing: How prices are determined.
- Selling costs: Costs associated with marketing and distribution.
Learn more:✕This summary was generated using AI based on multiple online sources. To view the original source information, use the "Learn more" links.Market structure can be divided into four main categories: perfect competition, monopolistic competition, oligopoly, and monopoly. The market structure depends on several factors, such as the number of buyers and sellers, bargaining power, level of competition, product differentiation, and market accessibility.www.marketing91.com/market-structure/The elements of Market Structure include the number and size of sellers, entry and exit barriers, nature of product, price, selling costs.en.wikipedia.org/wiki/Market_structureA market structure is the environment in which a business operates and relies on factors like how competitive the market is, how easy it is for a new company to enter the market and how differentiated each company's products are. The four main types of market structures are perfect competition, monopolistic competition, oligopoly and monopoly.www.indeed.com/career-advice/career-developme…There are four basic types of market structure in economics: perfect competition, imperfect competition, oligopoly, and monopoly.quickonomics.com/market-structures/The elements of Market Structure include the number and size distribution of firms, entry conditions, and the extent of differentiation.www.simplilearn.com/market-structures-rar188-article - People also ask
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