Market Structure

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assignment .

Topic.  assignment B, Market Structure

Description

The nature of the commodities sold, freedom of movement, knowledge of the market, mobility of factors of production, the number of buyers and sellers are the principle variables that define the structure of the market. In the same course, these characteristics influence the market prices, the sales volume and the competitive advantage relished by individual companies across the globe. The Australian supermarket industry is examined in this paper with a focus on its market structure and how the competitive forces influence its existence. This exploration focuses on establishing a correlation of the market variables with the market structure showcased by the Australian economy.