Sole Proprietorship in Monopolistic Competition
It has always been a dream owning my own clothing store! Here is my FIRST store and im so excited because I own it!
This store customers has been doing great! However, know that there is other competition out there between other clothing store.
Obviously the clothing business chose me for a reason, Ive been here for too long to let some new girl down the street take my spot on the market.
The more I realize that there is more clothing stores opening down 38 street within the past few years, we all had a well maintained business. Although, with all the new shops in town we're going to have more competition.
We all came to the conclusion that we're all in the same exact business but each own our own clothing store. Competition is going to go up for us based on our location and our customers.