Which of the following market characteristics are not used to define market structures? a. the number

Question:

Which of the following market characteristics are not used to define market structures?
■

a. the number of firms in the market ■

b. the ease of entry into the market by new competitors ■

c. the percentage of the firm’s income that is paid in taxes ■

d. the type of product produced (identical or differentiated)
■

e. All of the above characteristics are used to define market structures.

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