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- Start
- Market Structures With Mr. Rivard
- Hello Class!
- Sole Proprietor in monopolistic competition
- I own Jeans No.1
- Jeans No.1
- Jeans Number 1
- Sole proprietor in perfect competition
- I'm about to take my vegetables to the market
- Hello Students! I'm Mr. Rivard and today we're going over the different kinds of market structures and business organizations. businesses act differently in different markets
- Corporation in a Monopoly
- Big Box Company
- To understand this we need to define Sole proprietor and Monopolistic Competition. A Sole Proprietor is when 1 person owns a business. He has complete control and complete responsibility. Monopolistic competition is when a variety of businesses compete to sell a very similar product. So a sole proprietor competes with other businesses to sell a similar product in this situation.
- Partnership in an oligopoly
- Xbox
- Nintendo
- Playstation
- Sole proprietorship in Perfect competition is very similar to monopolistic competition, Except they are sold at roughly the same price. Our best real-world example is a farmer's market.
- Ending
- Market Structures With Mr. Rivard
- Thats all, Class!
- A corporation in a monopoly is when 1 business controls the whole market. Oftentimes, a corporation is run by a board of directors, controlling the company. Anyone trying to start a corporation in the same market will be bought out, or unsuccessful.
- Bought out
- Bought out
- Partnership in an oligopoly is when 2 owners enter a market controlled by a couple of businesses. Partnerships share control and burdens between them, which sometimes causes issues.
- We own Xbox
- I hope y'all enjoyed today's lesson, the bell is about to ring so pack up and I'll yee you tommorow!
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