Sole proprietorship in Monopolistic competition

Sole proprietorship in Monopolistic competition
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  • I wonder what we are going to learn about today...
  • Sole Proprietorship in Monopolistic Competition
  • Sole Proprietorship is the very beginning of most businesses. They are solely owned by one person, which means there can be a lot of them around. 
  • However, monopolistic competitions are characterized by many buyers and sellers, which means there is no big business that controls the market. Which is why Sole Proprietorship or little businesses will dominate this field. 
  • We sure did learn a lot today!
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