The Market Structures And Cost Theory As A Tool By The Government To Build The Country Economy

  CHAPTER ONE INTRODUCTION 1.1   BACKGROUND TO THE STUDY The interconnection in the characteristics of the nation’s market, such as the number and relative strength of buyers and sellers and degree of collusion among them, level and forms of competition, extent of product differentiation, and ease of entry into and exit from the market coupled with relevant cost theory has direct influence on the growth of the economy. However, the researcher is identifying market structures and cost theory as a tool by the government to build the country’s economy. Basic types of market structure in…