Final answer:
Competitive rivalry, economic conditions, and barriers to entry are classified as market factors.
Step-by-step explanation:
One of the factors classified as a market factor is competitive rivalry. Competitive rivalry refers to the level of competition between firms in a market. It can be influenced by factors such as the number of competitors, their market shares, and the intensity of competition.
Economic conditions can also be classified as a market factor. Economic conditions, such as inflation, unemployment, and GDP growth, can affect consumer demand, pricing, and overall market performance.
Barriers to entry are another market factor. They are the forces that discourage or prevent potential competitors from entering a market. Examples of barriers to entry include patents, high capital requirements, and exclusive distribution agreements.