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Jayson Mankins and Hunter Taylor-partnership in oligopoly
a business organization is a person or group of people that work together in pursuit of a common commercial goal
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market tructure is the interconnected characteristics of the market
there is 4 of them perfect competition, oligopolies, monopolies, and monopolistic competition
did you know that there are different types of markets
as you can see a owner of a business or a corporation in a market of this type can sell or inherit prts of the business
therefore a partnership can exist in any oligopoly as long as there are 2 or more people that own the company in a market that only has a few big buinesses
how could a partnership be a oligopoly
what would happen if there was no competition and how would that impact supply and demand
if there was no competition that would mean that there are only few stores that would make there inventory all low and the demand would be really high because there is no competition
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