Market structures are categorized by the following two criteria:
A)the number of firms and the size of the firms
B)whether or not products are differentiated and the extent of advertising
C)the number of firms and whether or not products are differentiated .
D)the size of the firms and the extent of advertising

Question

Quizplus · Accepted Answer

The number of firms and whether or not products are differentiated are the two main criteria used to categorize market structures. Factors like size and advertising may be relevant, but they are not the primary criteria.

Market Structures Are Categorized by the Following Two Criteria