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The Market Structure Spectrum

The Market Structure Spectrum

alt text describing a spectrum from perfect competition through monopolistic competition and oligopoly to monopoly, with market power and barriers to entry increasing from left to right

A market structure is the set of characteristics that shapes how firms compete and perform in a market. Important characteristics include the number and size of firms, product differentiation, barriers to entry and exit, and the availability of information.

1.5.1 Market structures Lesson

  1. A Level
  2. /Economics
  3. /1.5.1 Market structures

Step-by-step lessons on AQA A Level Economics 1.5.1 Market structures. Each one builds up to exam-style questions. Start with the core supply-and-demand models before moving on to the more evaluation-heavy macroeconomic policy topics.

Lessons