The structure of a market is described in terms of all of the following except:
A)direct competitors.
B)suppliers.
C)customers.
D)substitute products.

Question

Quizplus · Accepted Answer

The structure of a market is typically described in terms of its direct competitors, suppliers, and substitute products. Customers, although a crucial component of any market, are typically not considered part of the market structure itself, but rather a group of individuals or entities that the market structure serves.

The Structure of a Market Is Described in Terms of All