2nd six weeks project.
Storyboard Text
- Hey Frank do you think this food place could be part of amonopolistic competitive industry?
- 2nd 5th weeks projectJacob Simpkins 2nd
- Definitly! Most restaurants start out as a solesole proprietorship then turn into a monopolistic because they bring more competitive into it.
- Going to play football
- Frank im open!! I have a qustion about eariler about the sole proprietorship. What about the NFL? what kind of bussiness is that?
- Well thats a good qustion. But the NFL is way different. All it is, is a sports bussiness. In which makes alot of money I would say it is a monopolistaic but diffently isnt a sole proprietorship
- I have other qustion.Hows a sole proprietorship could be in a perfectly competitive industry?
- Arrived At Home
- Thats a other great qustion abby. Its 100 percent can. its most common business types makes it even more competive.
- A sole proprietorship could be in a monopolistic competition industry because they are making the competive increase as well. The more competive it is the better.
- Going Swimming
- I wanna go swimming!! So I want to fewer up on the last quation what about a corporation could it be a monopoly?
- yes, when the goverment has the cororation the right to produce or sell a kind od product they then will be a monopoly. Now do a cannon ball!!!!
- Talking about the NFL and what kind of bussiness it is. Any sports bussiness may be owned by one person but isnt a sole propietorship and is a monoplistic.
- Talking outside
- Okay I had a blast swimming. But I have just one moe qustions and i promise its the last one. could a partnership be an oligopoly?
- In a perfectly competitive industry its companys that are selling almost the same product but at different cost. A sole proprietorship can even mke it way more compertive.
- Going To Work
- I had a good day with you today. But now I have to go too work. IM thinking about starting my own bussiness and it be a parntership. would you like to be in it with me.
- If the corporation is successsful and it doing good it ca ndefiently be a monpphy.
- Well it could be a oligopoly. But a parntership is just 2 or maybe 3 people. the way it could becomea oligopoly if tha tcompany needs your pruct or wants it.
- I would love to abd everythig else. But theres just one thing i dont like about a parntership. the liability of the partners for the debts of the business is unlimited.
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