Market Structure

Market Structure

Storyboard Text

  • What is Sole proprietorship in a Monopolistic competition?Elizabeth Pierson
  • What is Sole proprietorship in Monopolistic competition?
  • What is a sole proprietorship in Monopolistic competition?
  • Isn't it that small businesses are the ones that dominate this type of market and there's many small businesses around to dominate because they're owned by one person.
  • What is Sole proprietorship in Monopolistic competition?
  • Yes it does, now answer why there is a sole proprietorship in the monopolistic competitive industry?
  • Because the monopolistic competition is made by its many buyers and sellers and since the big businesses can't control the market the smaller ones dominate.
  • What is Sole proprietorship in Monopolistic competition?
  • That is correct. Good job!
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