Question

1. explain : market it and its characteristics.

2. explain : classification of market - according to the location and quantity.

3. explain : business structure (monopoly , oligopoly and perfect competition)

..OR..

3. explain characteristics of perfect competition , monopoly and oligopoly​

Answer 1

Answer:

Market structure refers to the nature and degree of competition in the market for goods and services. The structures of market both for goods market and service (factor) market are determined by the nature of competition prevailing in a particular market

Explanation:

this is the answer for the first question.