Product are sports shoes and sport equipment company ...Topics discussed are elasticity,short and long run, perfect competition, monopoly and absolute advantage

What is your product and company? (1) Based on the topics discussed this semester, what will be the biggest challenge for starting a business in this type of market? Starting a business with this type of product? [In ECON 101 we will look at the bigger economic conditions in Alberta. For now focus on competition, supply, demand, choices, scarcity, etc.] (4: Based on the topics discussed this semester, what will be the biggest benet to starting a business in this type of market? Starting a business with this type of product? (4) Reect on your choice of business and product. Given what you learned in this course is your business viable'. Would you change your business plan?(3)