Economy, asked by Anonymous, 7 months ago

Explain the factors which determines the kinds of Market. Don't copy answer from internet

Answers

Answered by mariabhat70
1

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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Answered by FuzzieGirl
3

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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