ATTEMPT ALL QUESTIONS ON THE CONCEPT OF MARKET STRUCTURES ASSIGNMENT

1        Define the term market in relation to market structures                                  (1mrk)

2        what is meant by the term market structure                                                      (1mrk)

3        Briefly explain the various market structures classifications                          (08mrks)

4         What should be put in consideration to classify the structure of the market  (5mrks)

5         What are the features of perfect competition                                                           (5mrks)