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- 2nd/5th Six Weeks Economic Project
- “A picture is worth a thousand words”Market Structures Business OrganizationsEstella Helanto, 2nd period
- Market Structures Business OrganizationsEstella Helanto2nd period
- How a sole proprietorship could be in a monopolistic competitive industry?
- Market Structures Business Organizations
- Mr Rivard, could a sole proprietorship survive in a monopolistic competitive industry?
- Yes, they could. In fact, they lead the monopolistic competitive industry
- How a sole proprietorship could be in a perfectly competitive industry?
- Market Structures Business Organizations
- How could a sole proprietorship flourish in a perfectly competitive industry?
- It is actually the most common business type, so being the most common makes it flourish.
- How a corporation could be a monopoly?
- Market Structures Business Organizations
- Is it true that a corporation can be a monopoly?
- Yes Estella, when the government grants the corporation the right to produce or sell a certain product they become classified as a monopoly.
- How could a partnership be a oligopoly?
- Market Structures Business Organizations
- Okay, last question; could a partnership be an oligopoly?
- Yes, it could. They both share equal liabilities in the business and start off with two people.