Assume that you are going to start a small business of your own.

Describe the business and, utilizing the concepts of this unit and the earlier units, discuss:

a. what costs you would incur;

b. what competition you might experience;

c. how you would determine the price you would sell your product; and,

d. how much product you would produce?
200 words with reference

Do you think that you could start a company to compete with Microsoft? Why?

What about pizzerias? Why?

What makes a business perfectly competitive? Why and how?

How do you determine price based upon costs and demand?