In the Week 1 Discussion (also known as a small business scenario), you develop
In the Week 1 Discussion (also known as a small business scenario), you develop a specific business good or service (see below). You should use this specific good or service for all of the remaining weeks, please do not change your good or service. If the market for your good were to suddenly become perfectly competitive. Business Name: Xcel Innovation Solutions, LLC Type of Business: Commercial & Residential Cleaning Service Type of Service: Professional Cleaning Service Indicate what happens to the firm’s demand curve. Describe the perfectly competitive equilibrium price and quantity. Discuss the prospects for your small business in the long run. Please use citation: (Mankiw, N. G. (2020). Essentials of economics. Cengage learning.)

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