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How could a sole proprietorship bein a perfectly competetive industry?
Market structure refers to how industries are classified based on their degree and nature on competition for goods and services
A sole proprietorship is just a person who owns a business and is repsonsible for the debt. The owner would simply compete on prices for the same product differing in quality.
Market structure refers to how industries are classified based on their degree and nature on competition for goods and services
A monopoly refers to a lack of competition in a market or industry. Without competition, a business can become the sole proprietor of all goods and services.
How could a sole propietorship be in a monopolistic competetive industry?

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