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- Alexus Nunn-6th
- what is a business organization and a market structure?
- a business organization is an organization created with the intention of conducting business.
- A market structure refers to the way that various industries are categorized and distinguished depending on the level and type of competition for goods and services in each. It is based on the traits that affect how businesses operating in a certain market behave and perform.
- How a sole proprietorship could be in a monopolistic competitive industry?
- Monopolistic competition exists when many companies offer competitive products or services that are similar some examples are restaurants
- Well it's a small company that is ran by one single inadvisable.
- why sole proprietorship could exist in perfectly competitive?
- why a partnership could be a oligopoly
- Instead of fiercely competing with one another, businesses in the same industry cooperate together to maximize their mutual profitability.
- A monopoly forms when barriers prevent firms from entering a market that has a single supplier. While a purely competitive market has many buyers and sellers ,monopoly markets have only one seller but any number of buyers.
- how a corporation could be a monopoly?
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