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Essential guidance on political economy exam technique: Ten ways to turn a good economics exam paper into a great one Weesteps to military rank - tap your A2 economics marks Revision materials on the political economy blog: AS small | AS Macro | A2 Micro | AS Macro A2 securities industrys & Market Systems Market Structures - Summary some other summary note on the mark characteristics of food commercialise place structure. Market structure is best defined as the organisational and other characteristics of a grocery place. We focus on those characteristics which affect the disposition of competition and pricing but it is important not to dress too much emphasis simply on the market share of the existing firms in an industry.

Traditionally, the most important features of market structure are: The number of firms (including the scale and extent of foreign competition) The market share of the largest firms (measured by the concentration ratio escort below) The nature of costs (including the potential for firms to exploit economies of scale and too the presence of sunk costs which affects market contestability in the retentive term) The degree to which the industry is uprightly integrated - vertical desegregation explains the process by which different stages in crossingion and distribution of a product are under the ownership and rule of a single enterprise. A good example of vertical integration is the oil industry, where the major oil companies own the rights to kindle from oilfields, they actuate a fleet of tankers, operate re fineries and have command of sales at thei! r own filling stations. The extent of product preeminence (which affects cross-price elasticity of demand) The structure of buyers in the industry (including the disaster of monopsony power) The swage of clients (some clocks known as market churn) i.e. how legion(predicate) customers are vigilant to switch their supplier over a given time period when market conditions change. The rate of customer churn is touch on by the degree...If you want to get a full essay, browse it on our website: BestEssayCheap.com

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