Market structure depends upon
A)the ease of entry and exit.
B)the ability of firms to differentiate their goods and services.
C)the number of firms in the market.
D)All of the above.

Question

Quizplus · Accepted Answer

Market structure depends upon all three factors - ease of entry and exit, ability of firms to differentiate their goods and services, and the number of firms in the market. These factors determine the level of competition in the market and the control that firms have over pricing and production decisions. Therefore, all three choices are correct.

Market Structure Depends Upon