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Sole proprietorship in Perfect Competition
Updated: 10/8/2020
Sole proprietorship in Perfect Competition
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Storyboard Description

Daniela Sanchez

Storyboard Text

  • Sole Proprietorship in a perfectly competitive industry
  • Daniela Sanchez
  • This is Jeremy. He owns a a retail store, but has been trouble competing with the one next to his.
  • This is Vanessa. She easily sells more than Jeremy because she has lower prices and better taste in style.
  • I wonder why i never have any customers. Is it because my prices are too high, maybe my products are not good enough like Vanessa's
  • Wow! I've made so much profit today. My products are so cute and cheaper than Jeremy's
  • We both run our own businesses and choose what we sell and what price to sell it at. We compete against each other and try to be the most successful business.
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