In this paper, we discuss the market structures of the China economy. We will use several case studies to consider the essential characteristics of four market structures. Explain the negative externalities concept. KEY CHARACTERISTIC OF FOUR MARKET STRUCTURES Market structure refers to the nature and level of competition in the market for goods and services. The structures of the market both for goods market and service (component) market are dictated by the nature of competition prevailing in a particular market (Chand, n.d.). The primary essential characteristic is discussed below
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