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Luke Worley, 5th. Sole proprietorship in monopolistic competitive.
Even tho it may seem like competition would drive one of the companies out, it won't. Both companies can specialize in different sections of that market
Yes, a sole propreinetorship would thrive in a monopolistic competitive market, because they increase the competition
Could a sole proprietorship be in a monopolistic competitive market?
Sole Propreietorship in Perfect Competition
This one is tricky, yes it could be in a perfect competitive market but it would be tough to survive because they sell the same product, so more valuable companies could set the prices way lower than what the sole propreietorship could afford, essentially driving them out of business.
What about a sole propreietorship in a perfect competitive market?

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