An industry's market structure is determined in part by:
A)the aggressiveness of the firms.
B)demand conditions.
C)the magnitude of barriers to entry.
D)the magnitude of set- up costs.

Question

Quizplus · Accepted Answer

The magnitude of barriers to entry is a key factor in determining an industry's market structure, as it affects how easy or difficult it is for new firms to enter the market. High barriers to entry can lead to more concentrated market structures like monopolies or oligopolies, while low barriers can lead to more competitive market structures.

An Industry's Market Structure Is Determined in Part By