Market structure is described as the best organizational features and other market features

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Market structure is described as the best organizational features and other market features. We focus on the features that affect the nature of competition and pricing – but it is important that we do not emphasize the share of companies in industry.
In perfect competition, different organizations rely on the same product then the company’s price. Production decision is depend upon their demand of their products. In the competitive market, the buyers actually decide the price and earn the production decisions compared to the prices because each company tries to offer low prices to its customers so that their market grows.

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