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Sole proprietorship is like being in a monopolistic competition
said the teacher as she continues to say
she goes on to explain it further
most businesses start off as a sole proprietorship only being owned by one person, making the availability of having them around more diverse
on the other hand monopolistic competitions are characterized by many buyers and sellers, meaning there no over powered business controlling the market.
this is why sole proprietorship will more likely prosper as compared to monopolistic competitions
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