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

Question

Quizplus · Accepted Answer

Pure competition, monopolistic competition, oligopoly, and monopoly are the four types of market structure in a private enterprise system. These types of market structure differ based on the number of firms in the market, the level of product differentiation, the barriers to entry, and the extent of control over prices. Therefore, option A is the correct answer. Option B includes different economic systems, while option C includes only two types of market structures and a socialist economic system. Option D includes mixed economic systems and two types of socialist economic systems.

The Four Different Types of Market Structure in a Private