Market Structure:

Paper Details:

For this paper you'll be selecting a market/industry and discussing which market structure applies to it.

In this write up, make sure you:

• Explain each of the three characteristics of a market structure and how the market/industry you chose relates to each of these characteristic
  • # of Firms
  • Similarity of Products
  • Ease of Entry & Exit
• which type of market structure your industry fits best.
• why this industry is an example of market failure.