Riley Waldrip my structure and organization is a partnership in oligopoly
Billy and Richard
Well Richard we are part of a partner oligopoly which means we are part of 3 great companies that own a majority of a market and a partnership is when 2 or more people start a business together and split the cost liability and revenue
So Billy what exactly is our business organization and market structure?
A sole proprietorship in a competitive industry competes with others with the same exact product and only competes the price and a monopoly in a competitive industry creates one product and has no competition
So how is our form different from a sole proprietorship in a competitive industry or a monopolistic competitive industry?
Well a monopoly is one big business that controls the whole market of what they create these two can combine and become something that never goes away and has rules like another person
How could a corporation be part of a monopoly then billy, I just don't understand
I hope I helped you understand all these different market structures and business organizations!!!