The most important characteristic that differentiates one market structure from another is the
A) time it takes for new firms to enter
B) amount of short-run economic profit
C) degree to which goods complement each other
D) number of producers selling in the market
E) barriers to entry

Question

Quizplus · Accepted Answer

The number of producers selling in the market is a key characteristic that differentiates market structures, as it affects competition levels and market dynamics.

The Most Important Characteristic That Differentiates One Market Structure from Another