1.Based on the above article, if you were an entrepreneur, which sector would fit you the most? Justify your answer by conducting an entrepreneurial feasibility analysis.

2.Using the Five forces of Porter, what are the risks that come with entering this sector?

3 .After you have done the five forces of porter analysis, would it be feasible to enter the market with a niche strategy? Justify your answer.

4.Will you consider launching a business in this sector? Discuss your answer in detail.

An increase in the market price of men's haircuts, from $16 per haircut to $26 per haircut, initially causes a local barbershop to have its employees work overtime to increase the number of daily haircuts provided from 20 to 25. when the $26 market price remains unchanged for several weeks and all other things remain equal as well, the barbershop hires additional employees and provides 40 haircuts per day. what is the short-run price elasticity of supply? nothing (your answer should have two decimal places.) what is the long-run price elasticity of supply? nothing (your answer should have two decimal places.)