1. Does a cleaning business have competitors such as perfect competition, monopolistic competition, an oligopoly, or is it a monopoly? Explain why you selected this market structure. How would this impact the pricing strategy?
2. What are the necessary inputs to operate a cleaning business? These will include short run costs and long run costs. (Consider rent/mortgage, computers, desks, supplies for production, utilities, etc.)
3. Expect the price of an input to vary. How will it impact the quantity produced, and the cost to consumers? Please include an example.