What makes up the competitive structure of an industry?
A) Market segments
B) The number and size distribution of companies
C) The number of consumers
D) The number of manufacturing plants
E) The quality of products produced

Question

Quizplus · Accepted Answer

The competitive structure of an industry is determined by the number and size distribution of companies operating within it. This includes the degree of concentration, the number of firms in the industry, and the relative size of each firm. Other factors such as market segments, consumers, manufacturing plants, and quality of products produced may also influence the competitive structure, but they are not the primary determinants.

What Makes Up the Competitive Structure of an Industry