market structure

Definition

The collection of factors that determine how buyers and sellers interact in a market, how prices change, and how different levels of the production and selling processes interact. The four basic types of market structure include oligopolies, monopolies, perfect competition, and monopsony (where only one buyer is present in the market).

Use market structure in a sentence

The market structure was set up to help everyone and I thought that we would make out very nicely in it.

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You should always try to have a clear market structure in place so that everyone knows where they stand at that time.

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Sprint, Verizon, and AT&T have created an oligopoly market structure that results in high prices for cable and internet services.

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