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Simple English definitions for legal terms

market structure

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A quick definition of market structure:

Market structure refers to the way a market is organized, including how many sellers there are, how different their products are, and how easy or difficult it is for new sellers to enter the market. It's like the way a playground is set up, with different areas for different games and different numbers of kids playing each game. Understanding market structure helps us understand how competition works and how prices are set.

A more thorough explanation:

Market structure refers to the overall features of a market, such as the number of sellers, the degree of product differentiation, and the ease of entry for new businesses.

For example, a market with only a few large companies dominating sales would be considered an oligopoly. In an oligopoly, these companies have significant control over prices and can limit competition. On the other hand, a market with many small businesses selling similar products would be considered a perfect competition. In a perfect competition, no single business has enough power to influence prices.

Another important aspect of market structure is barriers to entry. These are obstacles that make it difficult for new businesses to enter a market. For example, high start-up costs or government regulations can make it challenging for new companies to compete with established businesses.

Understanding market structure is important for businesses and policymakers because it can affect pricing, competition, and innovation in a market.

market-share theory | market trend

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Dkk
19:42
SEO is big money
2016 pushed the conservative party into populism irreversibly
Dkk
19:43
Maybe, but if this is populism, then every election is populist.
19:43
@Dkk: yeah register 1 website and every swinging tom dick and harry calls/emails/texts to 'help with seo'. like bruh, if YOU found it, what i am doing is working
Dkk
19:43
Indeed!
19:48
wasp, i think people are hopeful for a gov who at least attempts to care about the common man
MIAMI A
[] AromaticTroubledDormouse
20:55
How does one know if they are UR1 or UR2?
[] AromaticTroubledDormouse
20:56
CONGRATS MACAQUE!
TY
got a random stanford email and almost had a heart attack
ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
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