What makes someone a successful entrepreneur? What characteristics are needed? In recent years who have been some of the most influential and profitable entrepreneurs?
With this being the overarching backdrop for our discussion in this module, you should also be looking to touch on the following:
Do you think people take the time to consider implicit and explicit costs when starting a business?
Do you believe produces take the time to actually calculate AVC, AFC and ATC? Or are these concepts just for textbooks and college professors?
Do successful entrepreneurs look to enter markets that lean towards perfect competition? Why or why not?