Some attributes of market structure are:
- It tracks firm presence in a market to show how competition increases or decreases with their number.
- It identifies how dominant firms affect price decisions to clarify how quickly prices respond to demand changes.
- It measures how many variations exist between products to show how buyers evaluate value across choices.
- It examines how high or low entry barriers stand to show how many firms can join and influence future rivalry.
- It reviews how transparent market conditions remain to show how fairly choices are evaluated across options.
Get more points related to characteristics of market structure to get more information on it.