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Businesses and their costs

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Complete the following simulation and answer the questions below.

https://www.omsi.edu/exhibits/moneyville/activities/lemonade/lemonadestand.htm

What factors affected demand for your product?

What pricing strategies did you use?

Describe your most successful day and your least successful? Why were they successful or unsuccessful?

What was your total # of cups sold at the end of the week?

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