The elements which decide the market structure are _______________.

Number and size distribution of firms

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Entry conditions

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Production priorities

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Both a & b

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Solution

The correct option is B Both a & b
The elements on the basis of which the market structure is decided are:
1. number and size distribution of firms which can be large or small.
2. Entry condition: Whether new firms are allowed to enter the market.

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The elements which decide the market structure are _______________.

The correct option is B Both a & bThe elements on the basis of which the market structure is decided are: 1. number and size distribution of firms which can be large or small.2. Entry condition: Whether new firms are allowed to enter the market.

The correct option is B Both a & b
The elements on the basis of which the market structure is decided are:
1. number and size distribution of firms which can be large or small.
2. Entry condition: Whether new firms are allowed to enter the market.