Writing A Solid Term Paper On The Market Structure: Helpful Guidelines

What is a market structure?

Market structure refers to the characteristic features of a particular market that is, its organizational or pricing policies. The number of firms selling homogeneous commodities or services also describes a market structure.

Key features of market structure:

• Number of sellers
• Product type
• Entry barriers
• Pricing strategy

The various forms of market are:

• Perfect competition - Under this market, there are a large number of buyers and sellers involved in the selling of a homogeneous product. There is no entry barrier.
• Monopolistic - This market allows a large number of firms to enter into the market without any barrier selling differentiated products and the price of each does not affect one another.
• Oligopoly - Under such a market structure, there are a few firms selling a commodity either.
homogeneous or differentiated in nature. The action of one firm affects the other.
• Monopoly - Here there is only one seller selling the product and there is no close substitutes for that product. They are the price makers. It has entry barriers.
• Duopoly - It is a special form of an oligopoly where there are only two sellers and the action of one affects the other.

Importance of market structure

• To understand the requirements of the customers
• To understand the customer buying behaviour
• Analysis of the prospective competitors
• Grasping business opportunities
• Formulating business strategies
• Developing business decisions

How to write a term paper?

• Select the topic as per the length and research resources
• Look for information by searching encyclopaedias, reference books, journals, magazines, browsing and newspapers
• Do some analysis and thinking and jot down your thinking in a statement
• Organize your data and information properly in a sequence
• Make an outline for your term paper which includes introduction, body and conclusion
• Your term paper should be such that your knowledge about the subject is evident
• Try using simple English
• Try using active voice
• Try to use more positive statements as they are more persuasive
• Avoid using jargons and clichés
• Avoid using abbreviations or short forms
• Avoid using a lot of assumptions
• Rely on facts
• Avoid being dramatic
• Keep a close check on the technical aspects of the paper that is, it should be free of errors
• Do not repeat sentences
• If you use quotes or thoughts of others do not forget to cite the source
• Properly number each page