Question

The term market structure refers to

Question 5 options:

the profit-maximizing behavior of firms that use marginal analysis.


the theoretical characteristics of firms in the same industry


the nature and degree of competition among firms in the same industry.


the theoretical characteristics of firms in different industries.

Answer 1

Answer: The theoretical characteristics of firms in the same industry

Step-by-step explanation:

In the economy, the structure of the market (also known as the form of the market) describes the state of a market with respect to the bidders and the plaintiffs.