Cost Analysis and The Perfectly Competitive Market - Discussion two parts

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:

1. what costs you would incur;
2. what competition you might experience;
3. how you would determine the price you would sell your product; and,
4. 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?

200 words with reference