The four different types of market structure in a private enterprise system are ______.

Question

Quizplus · Accepted Answer

The four types of market structure in a private enterprise system are pure competition, monopolistic competition, oligopoly, and monopoly. This classification is based on the number of firms in the market, the degree of product differentiation, barriers to entry, and the firm's degree of control over price. Option A and D are incorrect as they include political-economic systems rather than market structures. Option C is incorrect as it only includes three types of market structures.

The Four Different Types of Market Structure in a Private