Market structures
What Market structures means in Economics GCSE, as defined for AQA.
Definitions of Market structures
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Reference: AQA
The characteristics of a market that influence firm behaviour, distinguished by factors such as the number of producers, the degree of product differentiation and ease of entry.
The organisation of a market, such as monopolies where a single firm controls the market and oligopolies where a few large firms hold most of the market share.
Topics that use Market structures
- Non-competitive markets (AQA GCSE)
- The importance of market structures on producers and consumers (AQA GCSE)
Related terms
- Barriers to entry
- Competition
- Competitive markets
- Consumer welfare
- Dynamic efficiency
- Interdependence
- Market power
- Monopoly
Using Market structures in the exam
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