The Four Different Types of Market Structure in a Private

question 61

Multiple Choice

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

• A) communism, socialism, capitalism, and mixed systems
• B) pure competition, monopolistic competition, oligopoly, and monopoly
• C) socialism, oligopoly, monopoly, and pure competition
• D) mixed, socialism, communism, and pure competition

---

Definitions:

Activity-Based Costing

A costing method that assigns costs to products and services based on the activities and resources that go into producing them, aiming for more accurate product costing.

Activity Rate

A rate that is used to apply costs in activity-based costing, linking the cost of business activities to the products or services that require these activities.

Batch Setup

The process and associated costs of preparing equipment and facilities for a specific batch of production, often involving setup time and expenses.

Activity-Based Costing

Activity-based costing is a method of accounting for costs that allocates overhead and indirect costs to specific activities, making the costs of those activities more transparent.