understanding of business organization market structure
Market structure describes how various industries are categorised and achieve the particular on how fiercely and in what ways they compete with one another for customers' goods and services
an organization created with the intention of conducting business. A system of law governing contract and trade, property rights, and incorporation is the foundation of such an organization.
why sole proprietorship could exist in monopolistically competitive/?
A monopoly is a business that operates in a marketplace with little to no rivalry and is able to control the terms and prices it charges customers, enabling it to be extremely successful.
why sole proprietorship could exist in perfectly competitive industry
Due to the lack of intervention of the government, they are simple to set up and remove, which makes them well-liked by contractors and small-business owners.
Makayla Rangel 6th
a market structure with a small number of firms, none of which can keep the others from having significant influence
why a partnership could be a oligopoly?
Using intellectual property rights, buying up the competition, or hoarding a scarce resource, among others, are ways to monopolize the market.
how a corporation could be a monopoly?
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