Market Structures and Business Organizations.
Storyboard Text
- Corporation in MonopolySydney Nelson 2nd period
- So what is Business and market structure?
- It is different industries that are put into categories based on the market for goods and services. Business structure is how the business is organized.
- Is it possible for a sole proprietorship to be in a monopolistic industry?
- Yes actually there only really in a monopolistic competitive industry.
- Is it possible for a sole proprietorship be in a perfectly competitive market?
- Yes, it's actually one of the main business types in that market and they do very well.
- Is there ways that a corporation can become a monopoly?
- The government actually grants businesses the ability to sell certain products.
- Are there ways a partnership could become and oligopoly?
- A partnership is just a business with two or more owners so that just means they split that profit with one another!
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