Sole In mono

Sole In mono

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Storyboard Text

  • 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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