Introduction to Economics 1 Deneme Sınavı Sorusu #729147

I. Characteristics of the market
II. The number of the firms in the market
III. The degree of consumer differentiation
IV. The ease of entry and exit of firms into and out of the market
Which ones of the criteria listed above are among those that are used to categorize market structures?


I, II, III

I, II, IV

I, III, IV

II, III, IV

I, II, III, IV


Yanıt Açıklaması:

Traditionally, four types of market structures have been defined based on the characteristics of the market, the number of firms in the market, the degree of product differentiation and the ease of entry and exit of firms into and out of the market. Therefore, the correct option is B.

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