Economics
Storyboard-Text
- Neither of these places are franchises, there is only 1 of each store, they are near each other, and they both sell ice cream, so they would be sole proprietorships in a monopolistic competition.
- Lets go get ice cream!!
- Yes! Should we go to Rhea's or Buster's?
- Juliana KetchamPeriod 6
- I can't believe that Farmers Market has the same prices as the one we normally go to!
- Both Farmers Markets sell their produce at the same price, but the quality is what changes. This represents a sole proprietorship in a perfectly competitive industry.
- I know! This produce looks so much better too.
- Microsoft started as an idea and turned into one of the biggest Monopolies today.
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- I shall call it Microsoft.
- Now Bill Gates is one of the richest people alive and owns a multibilliondollar company.
- Microsoft Co
- Me either, they have the best coffee.
- Whenever we think of a coffee place, a lot of people will think of Starbucks. This is because they are an oligopoly and the dominate the coffee industry.
- I can't wait to go to Starbucks.
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