Perfect Competition Lilli's Dance Studio by Lilliana Olson

lolson3_ — 2023-11-09 03:25:54 UTC

Lilli's dance studio has many competitions in Woodbury.
Just like everyone else, it would just focus on dance.
It is very easy to have information on other studios' pricing through their websites.
It is very easy to start a dance company. the start-up costs are a room and some music.

The dance studios that are in woodbury.

lolson3_ — 2023-11-09 03:26:28 UTC

lolson3_ — 2023-11-09 03:26:56 UTC

The two pieces about my market structure in my textbooks are price takers and profit. Price takers is a seller that can sell all its output at the equilibrium price but can sell none of its output at any other price.

The Profits

lolson3_ — 2023-11-09 03:27:13 UTC

lolson3_ — 2023-11-09 04:19:20 UTC

Advantages

lolson3_ — 2023-11-09 04:20:15 UTC

There is already a market for dancers.
It is easier to get a teacher to teach at your studio because they can get more money by doing two studios.
Ex: Stage left dance studio teachers do up to two other dance studios.

Disadvantages

lolson3_ — 2023-11-09 04:20:49 UTC

1. Dancers do not move to other dance studios very often.

2. Studio space is very expensive to lease it is $24 per square foot per year.
Ex: Woodbury Dance keeps most dance lines together unstill they leave that studio.

lolson3_ — 2023-11-09 17:33:06 UTC

This how you would start your dance studio.