Sole Proprietorship in Monopolistic competition

Sole Proprietorship in Monopolistic competition

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  • Today we had few customers, because new food place opened right across the street
  • I'm so happy, we just opened today and we have so many customers so far!
  • But there are so many other fast food stores here, competing with them will be hard
  • There are so many food shops on this street.
  • In monopolistic competition we have many sellers offering similar products, where in sole proprietorship only one person is in charge. These two go together well, with single individual sellers, we will have many similar products/shops.
  • Since so many food restaurant have opened here, it'd be very convenient for me to open my clothing shop here. People would hang out here after getting food.
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