To define about market structure we will take a definition of French Economist, Cournot - “Market in economy is not the place where purchases and sales of a commodity take place.” Till now there are many ways of categorization of market structure but we will discuss here on some basic characters of market.Number and Size of sellers: Number of sellers decides the seller’s size. If there are large number of sellers, influence of one firm will be very small. If there is few numbers of sellers in market, every firm will have enough influence over price and supply. Market can be in dominant function if there are enough influence over price and supply.Number of Size Distribution of buyers:If there are many buyers, they will pay same price. If there is single buyer, he will be able to demand lower price.Product Difference:Product...
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