Corporation in a Monopoly
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- CORPORATION IN MONOPOLYMaci Bell6th Period
- What is Business Structure and Market Structure?
- ONLY NEWS PAPERS IN THE CITY
- Market Structure refers to how different industries are categorized based on degree of competition for services and goods.
- Business Structure is how a business is legally organized.
- Could a sole proprietorship be in a monopolistic competitive industry?
- Yes, sole proprietor exist only in a monopolistic competition.
- In fact, they dominate this type of market.
- Could a sole proprietorship be in a perfectly competitive industry?
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- Yes, sole proprietorship is the most common business type making it very competitive in the United States.
- How could a corporation become a monopoly?
- Well the easiest way is the government granting certain businesses the right to sell a product or service.
- How could a partnership become a oligopoly?
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- A partnership is a business started with 2 people which is similar to an oligopoly.
- It also means that 2 people share the revenue as well as the liability.
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