Somtochukwu

Some of the major determinants of a market structure is given as;

1. The number of sellers in the market.
2. The number if buyers in the market.
3. The mature if goods and services offered by the firms.
4. The concentration ratio of the company; which shows the largest market shares held by the companies.
5. The entry and exit barriers in the particular market.
6. The economies of scale; that is, how cost efficient is a firm in producing the goods and services at a low cost
7. The degree of vertical integration; that is the combining of different stages of production and distribution managed by a single firm.
8. The level of product and services differentiation.
9. The level of customer turnover. That is, the number of customers willing to change their choice with respect to goods and services at the time of adverse market condition.

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