Hexagonal Market Structure

The hexagonal market structure refers to a model where businesses of similar size and power compete in a six-sided "market space," indicating a balanced and competitive environment. Each "side" or player interacts with consumers and other firms, creating a stable and interconnected system. This structure emphasizes how competitors are closely linked, with no single dominant player, fostering fair competition and innovation. It highlights the importance of strategic positioning and relationships among firms to maintain balance and serve customer needs effectively within the market.