Abstract
The term ‘market structure’ relates to the number and size distribution of firms in a market. Markets dominated by a few large firms are said to be ‘concentrated’. This article offers a brief review of the modern literature that sets out to explain differences in concentration levels across different industries.
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Sutton, J. (2018). Market Structure. In: The New Palgrave Dictionary of Economics. Palgrave Macmillan, London. https://doi.org/10.1057/978-1-349-95189-5_960
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DOI: https://doi.org/10.1057/978-1-349-95189-5_960
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Publisher Name: Palgrave Macmillan, London
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