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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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