Sole proprietorship in. Perfect Competition (Roman and Dylan)
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I finally opened my own small cafe!
Guys, really, it has a lot of advantages! For example, I get all the profit and I have much more freedom that a McDonald's down the street.
But, it also has some disadvantages! I work more than 10 hours everyday, and as such small cafes are very popular in our city, there's a lot of competition down here.
And he is right! I have more income, despite we are selling the same food! You know why? Because my prices are lower!
But mine food is more delicious!
That's what we are calling Perfect Competition! Everybody should do their best to satisfy the customer and get the money!
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