Well Ryan, our companies are in an oligopoly; this means we own most of the market. Now we are in a partnership oligopoly.
An Oligopoly is a market structure where there are 2 or more firms. Each firm sells either the exact same product, or different types of the same product, and there are significant barriers to enter.
Firms in oligopolies set prices to maximum their profits, ultimately it leads to partnerships and different collaborations between firms. Because of this, firms can foster success for themselves and others; more specifically smaller companies operating in the same market.
Now, a sole proprietorship in a competitive market competes with the same product as others with different prices. In a monopoly, the firm has no competition and only creates 1 product. In just a monopoly, 2 firms can combine and create something so big it just never ever goes away.
Hope you better understand market structures. By Elizabeth Jones; Rivard - Economics 8