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Storyboard Text

  • Corporation in Monopoly A monopoly is a business that is characterized by a lack of competition within a market and unavailable substitutes for its product. Monopolies can dictate price changes and create barriers for competitors to enter the marketplace.
  • Sole proprietorship in. Perfect CompetitionSole proprietorships exist only in monopolistic competitions
  • Sole proprietorship in Monopolistic competition:companies offer competing products or services that are similar, but not perfect, substitutes.
  • Partnership in Oligopoly:firms have an opportunity to form pair-wise collaborative links with other firms
  • How a sole proprietorship could be in a monopolistic competitive industry?Sole proprietorships exist only in monopolistic competitions
  • How a sole proprietorship could be in a perfectly competitive industry?
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