Business Organizations & Market Structures

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Sole proprietorship in Monopolistic Competitive Market

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  • Sole Proprietorship in Monopolistic Competitive market
  • Wow! I have finally achieved my dream of owning my own clothing store!
  • I know I will have competition from other clothing stores but I have better customer service and the store is conveniently located.
  • I didn't realize how tough it would be owning my own clothing store. There is so much competition!
  • I'm concerned that people won't come to my clothing store because I'm not on Main Street.
  • We all own our own stores and we compete for business. We all sell clothes so we have to differentiate products through advertising, location, and customer service.
  • Hey with all of these clothing stores someone should open a fast food restaurant!
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