Devin Cornstubble presents: Sole proprietorship in Monopolistic competition
I don't get it. I started one of the best bars in town. I've got the lowest prices, the best concoctions. why am I not getting the best business?
You're not the only bar in town, you know...
There are so many other businesses with so many different options. It doesn't matter if you have the best prices. People will go to what helps define themselves. Consumers will go around and chose what they like.
So, if there are other business out there, and there are so many buyers, then no business will fully become big in this monopolistic competition, huh?