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- 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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