Market structures are defined by all of the following except the
A) number of firms
B) level of prices
C) ease with which new firms can enter
D) presence of substitute goods
E) existence of barriers to entry

Question

Quizplus · Accepted Answer

Market structures are primarily defined by factors such as the number of firms in the market, the ease of entry for new firms, the presence of substitute goods, and the existence of barriers to entry. The level of prices, while influenced by the market structure, is not a defining characteristic of the market structure itself. Prices are more of an outcome of the competitive dynamics within a market rather than a defining feature.

Market Structures Are Defined by All of the Following Except