economics project

economics project

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  • Sole Proprietorship in Monopolistic Competition Olivia Cochran Economics / sixth period 
  • I just opened my own coffee shop in downtown! It has always been a dream of mine to open my own business. 
  • There is already a coffee shop in downtown though...
  • Yes, but I'm selling my own products. 
  • Even though it's my own business, I'll still be in competition with other coffee shops because they sell the same products as me but different types of those products 
  • Exactly!!!
  • Ohhh, so the monopolistic competition industry is made up of businesses that have the same products but different kinds of the products? And those businesses are called sole proprietorship?
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