Market structure
What Market structure means in Economics B A-Level, as defined for Pearson Edexcel.
Definitions of Market structure
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Reference: Pearson Edexcel
The organisation of a market, determined by the presence of barriers to entry, ranging from concentrated forms like oligopolies or monopolies to highly competitive forms such as perfect or monopolistic competition.
The intensity of market competition, which influences how a firm decides on its price and level of output.
Topics that use Market structure
- Barriers to entry (Pearson Edexcel A-Level)
- The competition (Pearson Edexcel A-Level)
Related terms
- Competitive advantage
- Barriers to entry
- Branding
- Dynamic market
- Economies of scale
- Gaps in the market
- Monopoly power
- Perfectly contestable market
Using Market structure in the exam
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