Think of four business each operating in one of the four business structures.

1. create the revenue data for each business
2.determine the cost data for each business, both in long and short run be sure to include all the data that could impact the business operations and profits
3. create any supporting data and list the assumptions that you make for each business - long and short run
4. analyze the cost of each business for the long and short run. what conclusions can you draw?
5. plot the revenue and cost data for each on a graph (both long and short run this will be 8 graphs in all)
6. determine the price, output, and profit/loss for each business in the short and long run
7. analyze the graphs and briefly describe the similarities and differences between the short and long run operation of each business