How could a partnership be in an oligopoly?

How could a partnership be in an oligopoly?

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  • Intro
  • Hello! In this comic you will learn why a partnership could be in an oligopoly, what an oligopoly and a partnership are and you will gain a deeper understanding of business organizations and market structure. This project is brought to you by Lindsey Greer.
  • Ghost Inc.
  • What are business organizations?
  • A business organization is a person or group of people that work together in pursuit of a common commercial goal.
  • Shaw, dude.
  • What is market stucture?
  • That's right son! There are also different types of markets...
  • There are 4 types. Perfect competition, oligopolies, monopolies, and monopolistic competition.
  • The market structure is the interconnected characteristics of the market.
  • What is an oligopoly? 
  • Ah yes, an oligopoly is a market with few competitors, high risks involving entry into the market, which produce standardized products.
  • With that in mind, let us discuss what an oligopoly is.
  • What is a partnership?
  • Yes but what is a partnership?
  • A partnership is a firm or business owned and run by two or more people.
  • How could a partnership be in an oligopoly?
  • Wow dude! But how could a partnership be in an oligopoly???
  • Well you see, an owner of a business or corporation in a market of this type can sell or inherit parts of the business. 
  • Therefore, a partnership can exist in any oligopoly so long as there are two or more people that own the company in a market that has only a few big businesses.
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