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The term market structure refers to Question options: the theoretical characteristics of firms in the same industry the nature and degree of competition among firms in the same industry. the theoretical characteristics of firms in different industries. the profit-maximizing behavior of firms that use marginal analysis.

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chilljain33

The term market structure refers to the nature and degree of competition among firms in the same industry.

What is a market structure?

A market structure is used to define the competition of the different buyers and sellers in the market, the products being sold, and the terms of entry and exit for buyers and sellers and such other factors.

A market structure of an economy is generally of four types,

  1. Perfect Competition
  2. Monopoly
  3. Oligopoly
  4. Monopolistic Competition

Hence, option B holds true regarding the market structure.

Learn more about market structure here:

https://brainly.com/question/25813298

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