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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.

Answer

Now class, the concept of market structure pertains to the type and level of competition that exists among firms within a given industry. Can anyone remind us what market structure means? Yes, very good. Market structure refers to the competition among sellers and buyers, the types of products being traded, as well as the conditions for market entry and exit, among other related factors. As we know, there are generally four types of market structures in an economy, including perfect competition, monopoly, oligopoly, and monopolistic competition. So, it is safe to say that option B accurately describes the market structure. For further insights on market structure, please visit brainly.com/question/25813298 #SPJ1.