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Assume you are going to start a small business. Describe the business and discuss the following: What different types of costs would you have? What

Assume you are going to start a small business.

Describe the business and discuss the following:

What different types of costs would you have?

What competition might you experience?

How would you determine the price at which you would sell your product?

How much product would you produce? How did you determine this?

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