Decoding the Market Structure : a Comprehensive Analysis and Evaluation of Monopolistic Competition in the Electronics Industry

Recognizing the importance of market structure is essential for businesses, policymakers, and consumers, as it can affect market outcomes and welfare. There are few local publications the researcher also looked at research conducted in other countries and the Philippines. The primary objective of this literature study is to explain what Market Structure is, and discuss the characteristics of Monopoly, Oligopoly, Monopolistic Competition, and Perfect Competition, as well as to analyze the Advantages of Monopolistic Competition in Electronics in the Market. As a result, the Electronic industry innovation helps consumers to increase convenience and enhance the user experience