MARKET STRUCTURE
\mˈɑːkɪt stɹˈʌkt͡ʃə], \mˈɑːkɪt stɹˈʌktʃə], \m_ˈɑː_k_ɪ_t s_t_ɹ_ˈʌ_k_tʃ_ə]\
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A market's interconnected characteristics. Buyers and sellers population size and relative strength, how much collusion exists, competitive levels and forms, Amount of product differentiation, and simplicity of market entry and exit are components of these characteristics.
By Henry Campbell Black
Word of the day
tinctura quininae ammoniata
- A preparation made by dissolving quinin sulphate in alcohol [Br. Ph.].