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2 years ago

What is an economic model that compares the amount of competition among businesses in a similar roll

1 answer:

3 0

The economic model that compares the amount of competition among businesses in a similar industry is known as <u>market structure</u>.

<h3>What are market structures?</h3>

Market structures describe the nature, presence or absence, and degree of competition among companies, in the same industries.

The theoretical model of an ideal situation in a free enterprise economy developed by economists is known as “perfect competition.”

Other market structures include:

Oligopoly
Monopoly
Monopolistic Competition
Imperfect Competition.

Thus, the economic model that compares the amount of competition among businesses in a similar industry is known as <u>market structure</u>.

Learn more about market structures at brainly.com/question/15381691

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