Market structure is determined by the
A)Annual revenue,costs,and profits for an industry.
B)Number and relative size of the firms in an industry.
C)Amount of compensation given to the CEOs.

Question

Quizplus · Accepted Answer

Market structure is primarily determined by the number and relative size of firms in an industry. This includes factors such as barriers to entry, the degree of product differentiation, and the level of competition among existing firms. Annual revenue, costs, and profits are important measures of performance within a market structure but do not determine or define it. Compensation given to CEOs may be an indicator of individual company performance, but it is not a determining factor in market structure.

Market Structure Is Determined by the