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  • Start
  • Market Structures With Mr. Rivard
  • Hello Class!
  • Sole Proprietor in monopolistic competition
  • I own Jeans No.1
  • Jeans No.1
  • Jeans Number 1
  • Sole proprietor in perfect competition
  • I'm about to take my vegetables to the market
  • Hello Students! I'm Mr. Rivard and today we're going over the different kinds of market structures and business organizations. businesses act differently in different markets
  • Corporation in a Monopoly
  • Big Box Company
  • To understand this we need to define Sole proprietor and Monopolistic Competition. A Sole Proprietor is when 1 person owns a business. He has complete control and complete responsibility. Monopolistic competition is when a variety of businesses compete to sell a very similar product. So a sole proprietor competes with other businesses to sell a similar product in this situation.
  • Partnership in an oligopoly
  • Xbox
  • Nintendo
  • Playstation
  • Sole proprietorship in Perfect competition is very similar to monopolistic competition, Except they are sold at roughly the same price. Our best real-world example is a farmer's market.
  • Ending
  • Market Structures With Mr. Rivard
  • Thats all, Class!
  • A corporation in a monopoly is when 1 business controls the whole market. Oftentimes, a corporation is run by a board of directors, controlling the company. Anyone trying to start a corporation in the same market will be bought out, or unsuccessful.
  • Bought out
  • Bought out
  • Partnership in an oligopoly is when 2 owners enter a market controlled by a couple of businesses. Partnerships share control and burdens between them, which sometimes causes issues.
  • We own Xbox
  • I hope y'all enjoyed today's lesson, the bell is about to ring so pack up and I'll yee you tommorow!
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