The single most important factor that determines market structure is
A) location
B) firm size
C) number of firms in the industry
D) price
E) complementarity of the goods

Question

Quizplus · Accepted Answer

The number of firms in the industry is the single most important factor that determines market structure because it directly influences the level of competition, market power, and pricing strategies within the market.

The Single Most Important Factor That Determines Market Structure Is