<span>The concept of market structure is a tool for providing some framework to the theories investigating the market situations. The commonest three elements of market structure had been deposited by economists as the number, size, and size distribution of sellers and buyers, the degree of product differentiation, and the conditions of entry into the market. The setting or "place of competition to the firm" is called "market structure." The market structure is the setting in which the enterprise receives competitive 'discipline' or through which the rule of competition is made effective. Therefore, one can say that market structure involves the important, small number of strategic environmental factors affecting al] basic decisions of the firm. The concept of market structure is included in the broader concept of the environment of the enterprise.&nbsp;</span>