An industry's market structure refers to
A)The number and size of the firms in the industry.
B)How much firms spend on advertising.
C)What types of products are produced in that industry.
D)Whether the market is a product market or a resource market.

Question

Quizplus · Accepted Answer

An industry's market structure refers to the number and size of firms operating within that industry. This includes factors such as the level of competition, pricing strategies, and potential barriers to entry.

An Industry's Market Structure Refers to