Market structure refers to how different industries are categorized and differentiated based on the degree and type of competition for services and goods.
Four general types of market structure include perfect competition, oligopoly market, monopoly market, and monopolistic competition. There are four types of competition: perfect competition, oligopoly market, monopoly market, and monopoly competition.
Perfect competition is the ideal market structure where all producers and consumers have complete and symmetrical information and no transaction costs. In such an environment, many producers and consumers are competing with each other.
Market structure means how a firm is differentiated and categorized based on the types of products it sells (homogeneous/dissimilar) and how its functioning and operations are affected by external factors and factors. increase. Market structure makes it easier to understand the different characteristics of different markets.
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