Sök
  • Sök
  • Mina Storyboards

Economic Project

Skapa en Storyboard
Kopiera denna storyboard
Economic Project
Storyboard That

Skapa din egen storyboard

Prova det gratis!

Skapa din egen storyboard

Prova det gratis!

Storyboard Text

  • In a Monopolistic Competitive Industry there are multiple competitors, and because of that a Sole Proprietorship can fit in because it not only increases the competition it provides confidence to other sole proprieters.
  • In the end, a Monopolistic Competitive Industry can use all the competition it needs to meet demands and make the best and reliable product.
  • A sole proprietorship is a business owned by one person and ran by that same person and to be in a Monopolistic Competitive Industry it would increase their popularity making it better for them.
  • A sole proprieter could be in a Perfectly Competitive Industy by having the extra funds to invest in advertising making their product/service more popular to new eyes.
  • Although they cant determine the price of the product, it also means that there will always be a market out there incase said firm or business goes bankrupt.
  • They can enter or exit without having barriers. Nor do they get to determine the price they want to set on the product/service because it is already determined in this industry.
  • There are multiple ways a corporation could become a monopoly, such as them using intellectual property rights, buying up the competition, or hoarding a scarce resource.
  • The way a business becomes a monopoly is by the courts looking at their market power and determining if they own enough of the market to let them become one.
  • Another way a corporation can certainly become a monopoly is by the government granting them certain access to the right of the product or service so that they are the only people capable of creating it.
Över 30 miljoner storyboards skapade