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  • Market structure and business organization Tierra Ramirez 5th period
  • monopolistic competition, perfect competition, oligopoly,and monopoly
  • Today lesson:Market structure and business organization
  • Market structure: refersto how different industries are classified and differentiated based on their degree and nature of competition for goods and services.
  • The market struct er can be classified into 4 groups what are they?
  • ex: tennis shoes Nike, Adidas, and under armor = monopolistic competition
  • why can a sole proprietorship be in a competitive industry
  • monopolistic composition- many company selling similar products but they are slightly different
  • its way easier to enter the market due to low start up cost
  • if a sole proprietorship pays attention to the the customers need they will be able to determine quantity thus making it possible to compete
  • this is how a proprietorship is able to compete
  • monopolistic competition, perfect competition, oligopoly,and monopoly
  • The market struct er can be classified into 4 groups what are they?
  • monopolistic competition, perfect competition, oligopoly,and monopoly
  • Today lesson: Market structure and business organization
  • Market structure: refers to how different industries are classified and differentiated based on their degree and nature of competition for goods and services.
  • The market struct er can be classified into 4 groups what are they?
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