Explain the factors which determines the kinds of Market. Don't copy answer from internet
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Answer:
Determinants of Market Structure
Number of Buyers: Buyers decide the demand for a particular product. A monopsony market has multiple sellers and a single buyer who influences the price of the product. ... Nature of Product: The product features determines the type of market structure to which it belongs.
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Answer:
Factors that determines the kinds of Market are:-
- Number of Sellers
- Number of Buyers
- Nature of Product
- Knowledge about Market
- Freedom of entry or exit of the firm
- Degree of price influence
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