Changes

In [[economics]], '''market structure''' (also known as '''market form''') refers to the degree of competitiveness that exists within a system for producing and allocating goods and services. On the supply side, market structure concerns itself with the level of [[competition]] that exists among [[firms]], as determined by such factors as the number of firms operating within the market, the homogeneity of their products, and the amount of [[market power]] that each retains. The primary types of market structure on the supply side are:

In [[economics]], '''market structure''' (also known as '''market form''') refers to the degree of competitiveness that exists within a system for producing and allocating [[goods]] and [[services]]. On the supply side, market structure concerns itself with the level of [[competition]] that exists among [[firms]], as determined by such factors as the number of firms operating within the market, the homogeneity of their products, and the amount of [[market power]] that each retains. The primary types of market structure on the supply side are:

* [[Perfect competition]], in which there are a great many firms all producing the same or highly similar products,

* [[Perfect competition]], in which there are a great many firms all producing the same or highly similar products,