Sole Properietorship in monopolistic competiton
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Sole proprietorship in Monopolistic competition
My life long dream of opening a restaurant in New Orleans has finally happened. I know there will be a lot of competition.
I have had my business here in New Orleans for some time here and I still struggle with the competition, but my top culinary skills set my restaurant apart form others
I may be a small business, but I have the ultimate customer satasfaction and that is why I stay above the competition.
Having a different type of business in New Orleans really brings customers here, that is what sets us a part from the rest of the competition
We are the sole owners of our businesses, we can easily exit the market if we wanted to, but we have little control over the price. All liabilities are on us for our businesses, but we get all of the profit.
I'd probably get a lot more business if I wasn't in the middle of no where
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