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Market Structure and Competition
Market structure refers to the firm number and the characteristics that are involved. We come across so many big industries which dominate other small industries. In some cases, the seller has the ability to meet the consumer needs of the industries that involve the production of metals chemicals,etc. these types of product are known as homogeneous products.
Heterogeneous products are referred to the products in which customer do not have the ability to meet customer needs. Visit myhomeworkhelp.com to know more about this.
What Is Market Structure?
Market structure and competitive assignment help define as a market where a company operates. Market structure can be of different types for providing the operation of funds. The profit and efficiency of the firm have a great influence on the type of the structure of the market.
There is a theory related to a market structure named a Neo Classical Theory which help us in distinguishing various types of market structure. The total number of firms that are in the market along with their shares and other related information that has an effect on the competitive level of the market are referred as the structure of the market.
Competitive Structure
Market structure and competitive homework help say that there are a number of points in which the modern theory looks. The behavior of the firm, the performance of the firm contest ability level is all recognized at this level.
There are a number of small firms competing with themselves, as a result, there may be an uncompetitive structure in the market. But it shows other nature if we consider the case of a supermarket in the UK because their behavior is highly competitive in nature.
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