Market Structures:

Market structure is described as the institutional or organizational attributes and characteristics of a market. In most cases, the market structures mainly focus on the characteristics that impact the nature of pricing and competition through it's not important to major simply on the market share of the existing companies in a particular industry. Some of the most common market features include the number of companies, the nature of costs, market share of the largest companies, the vertical integration of the industry, product differentiation, customers' turnover, and the structures of buyers within the industry. Markets are usually divided or classified based on the composition of business and what it offers to the specific market. In contrast, the composition of the business is determined by the structure of market characteristics, which helps in determining the area and level of competition. The structured variables or characteristics are categorized as perfectly competitive,...
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