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- Yea I have some free time, could be interesting I guess.
- Hey kid you got time to learn about business structure and market structures?
- Great! let me show you my office where someday you could work at if you know what I do.
- let's first talk about how if a sole proprietorship could be in a monopolistic competitive industry
- Well of course it can and why it's becasue sole proprietorship and a monopolistic competitive industry are the same becasue they are making the competitive increase as well
- Well I would certainly like to know!
- The farmers market?
- Yes, like grocery stores which sells produce exactly like this, the farmers market is the closest life-example to perfect competition
- Here we are the perfect example of a sole properietorship in a perfectly competitve industry
- Really that's possible?
- Yes, and it works like this by using intellectual property rights, buying up the competition, or hoarding a scarce resource, so that a corporation could be a monopoly
- Back at the office to tell you how a corporation could be a monopoly because they are certainly ways that it could be
- Wow what a great question. How a partnership could be a oligopoly is when a company or a small number of firms realize that they are interdependent in their pricing and output policies
- How could a partnership be a oligopoly?
- Thank you for all the information that you have shared with me, but coud I ask a question now?
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