Individual markets differ from each other according to
-
The degree of competition
- The volume of trade
- The number of buyers
- It's composition
The correct answer is: A
Explanation
They are basically 5 types of markets and what differentiates them from each other is the level of competition. This determines the difference between one market structure and another. In a market where there is only one seller of a product, the competition would be lower than in a market with many sellers of the same product.