Question

In the scp paradigm, structure is determined by

Answer 1

The industry is the core of the study
Examines how industry structure influences firm behavior
Assumes there is a direct link between market structure, firm conduct and performance
Allows us to define the extent of competition prevailing in a given market structure

Answer 2

Answer:

The structure–conduct–performance (SCP) paradigm argues that market structure is a determinant of firm conduct, which in turn determines performance. Market structure can be measured by a number of factors such as the number of competitors in an industry, the heterogeneity of products, and the cost of entry and exit.