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Economics

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Economics
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  • 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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