Which of the following is NOT a determinant of market structure?
A) The number of sellers.
B) The market share of the sellers.
C) The nature of the product.
D) The ease of entering the industry.
E) The capital- labour ratio of the firm.

Question

Quizplus · Accepted Answer

The capital-labor ratio of a firm is not a determinant of market structure. Market structure is determined by factors related to the industry as a whole, such as the number and size of firms in the market, the degree of product differentiation, and barriers to entry. The capital-labor ratio of a firm is specific to that individual firm and does not necessarily impact the overall market structure.

Which of the Following Is NOT a Determinant of Market