Hemoglobin has a tetrameric structure, meaning it has four subunits. Firstly, globin chains made of two alpha chains and two beta chains. Secondly, heme groups, with an iron atom where oxygen binds, allowing up to four molecules of oxygen. Thirdly, quaternary structure, allows for the cooperative binding of oxygen. Finally, allosteric behavior meaning that factors such as pH and temperature may affect its ability to bind and release oxygen.