Knowing the number of firms in a market is the only information needed to identify the structure of that market.

Name: Knowing the number of firms in a market is the only information needed to identify the structure of that market.
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The number of firms in a market is not the only information needed to identify the structure of that market. Other factors such as market share, barriers to entry, product differentiation, and pricing strategies also play a significant role in determining market structure.

Knowing the Number of Firms in a Market Is the Only