can a small business coffee truck be monopolistic or oligopoly?
In my view, a small business coffee truck will be monopolistic.
Because monopolistic competition is a competition having
characteristics of monopoly and oligopoly regarding price setting
but the entry barrier is almost free.hence large no of buyer and
seller.
Similarly, in Small Business coffee truck anyone can start this
business and left when he wants. there is a small amount
requirement of initial investment and the product price is fixed as
per individual and the position of the stall/ selling point. few
barganing power with buyer.
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