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Storyboard Text

  • 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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