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- Aidan Haskins 2nd Period1. A sole proprietorship in a monopolistic market is someone that has created their own business and does not have any other competition with other businesses in their market.2. A sole proprietorship in a perfectly competitive market is one that has created their own business or product and is in competition with other businesses selling the same or some type of variation of the product. Usually the profits are just enough to keep the business up and running.3. A corporation in a monopoly market is a big company that is owned by shareholders and dominates a market. Their product is the only product that can be purchased and they have zero competition.4. Partnerships happen in an Oligopolistic Market because there are only a few companies that make products in the certain market. Which ends up getting all the companies to talk and then they all join each other and become a big partnership.
- I decided to create my own hair dressing business!
- I am going to start my own personal body building program!
- The computer business is known for a couple of big corportations in competition with each other. Each of them make an unreasonable amount of profits and no matter what other companies successes do not always lower another companies profit.
- Walt Disney is one of the biggest partnerships in an oligopolic market. Disney partners with many different types of corporations and dominate any market they compete in.
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