Denise sells lemonade in front of her house in the summer. Several other kids in Denise’s neighborhood also run lemonade

Denise sells lemonade in front of her house in the summer. Several other kids in Denise’s neighborhood also run lemonade stands in the summer. Suppose that the first week of summer, Denise charged 25 cents for an 8-ounce cup of lemonade, her next-door neighbor Jason charged 50 cents for an 8-ounce cup of lemonade, and Gina across the street charged 15 cents for an 8-ounce cup of lemonade. Assuming the market for lemonade is perfectly competitive, what is most likely to happen


CategoriesUncategorized

Leave a Reply

Your email address will not be published. Required fields are marked *