A market's structure is described by
A) the number of firms in the market.
B) the ease with which firms can enter and exit the market.
C) the ability of firms to differentiate their product.
D) All of the above.

Question

Quizplus · Accepted Answer

A market's structure is determined by various factors such as the number of firms operating in the market, the ease of entry and exit, and the ability of firms to differentiate their products. Therefore, all of the above options are correct.

A Market's Structure Is Described by