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What Do Economists Call a Market Structure in Which There

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What do economists call a market structure in which there are many firms selling products that are similar but not identical?


Definitions:

Indian Citizen

A person recognized under the law of India as a legal member of the Union of India, with rights and obligations.

Social System

An organized set of relationships among individuals and groups in society, functioning together within a community or an organization.

Technical System

An organized collection of technologies, machines, and processes used to achieve a specific objective or to perform a particular function.

High-Performance

Achieving superior outcomes through focused strategies, efficient execution, and exceptional quality.

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