Respuesta :
Answer: The theoretical characteristics of firms in different industries
Explanation:
A market is a medium whereby buyers and sellers of goods and services meet to transact business. While a market structure is a way and manner in which the different parts of the market are closely linked together. Market structure is divided into two which are
Perfect market : A perfect market is one in which the producers cannot influence the prices of their products, either by reducing or increasing the quantity produced. The producer only produces a fractional part of the total produc. Therefore, the producer cannot influence the price .if a producer charges high prices ,the producer will lose his customers.
Imperfect market : An imperfect market is one in which the producers can influence the price of their commodities. Since, the producer is the only one producing the commodities, the producer can influence the price by reducing the supply .This will then force the price to rise.Therefore,a producer in an imperfect market can control both the price and supply.
Answer:
c / the nature and degree of competition among firms in the same industry.
Explanation:
read it in my textbook
