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This Concept Map, created with IHMC CmapTools, has information related to: Market Structure, Market Structures Are Characterised by Degree of Barriers to Entry (BTE), Perfect Competition Firm Produces Homogenous Products, Market Structures Types of Monopolistic Competition, Perfect Competition Producers & Consumers have Perfect Knowledge, Perfect Competition Firms are Price Taker, Market Structures Are Characterised by Degree of influence over price, Market Structures Are Characterised by Firms Behaviour, Market Structures Are Characterised by Nature of Product, Market Structures Are Characterised by Market Information, Perfect Competition Firms earns Only Normal Profits in LR, Perfect Competition Industry has Many Sellers & Buyers, Perfect Competition Firm has Freedom of Entry & Exit, Monopolistic Competition Industry has ????, Market Structures Are Characterised by No. of firms & Buyers in Industry, Market Structures Types of Perfect Competition, Perfect Competition Produces at P=MC, Market Structures Are Characterised by Profit Levels