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In oligopolies or monopolies sole proprietorships do not occur
Sole proprietorships exist only in monopolistic competitions
Much competition tells us that no single business controls the market
Monopolistic competitions are characterized by many buyers and many sellers
In an oligopoly, several large businesses control the market
A monopoly is dominated by one large business
They come together and often set prices
One person owned businesses aren't capable of having a monopoly in a market
some monopolies exist because the government intended it
Competition in such areas of business make things complicated
Perfect competitions also would provide ideal circumstances for sole proprietorships to develop
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