Jenny Sells Lemonade in Front of Her House in the Summer

question 9

Multiple Choice

Jenny sells lemonade in front of her house in the summer. Several other kids in Jenny's neighborhood also run lemonade stands in the summer. The lemonade market in Jenny's neighborhood is more likely to be perfectly competitive if:

• A)all of the kids advertise heavily.
• B)each stand tries to get more customers by offering different varieties of lemonade and snacks.
• C)each lemonade stand sells the same kind of lemonade.
• D)some of the neighborhood parents build elaborate booths for their kids' stands while some kids sell from makeshift tables.

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Definitions:

Independent

Not influenced or controlled by others; capable of thinking or acting for oneself.

Standard Deviations

A statistical measure indicating the dispersion or spread of a set of numbers from their mean; it shows how much variation there is from the average.

Independent

Not influenced by or subject to another, capable of thinking or acting for oneself.

Standard Deviations

An estimator of the dispersion level or variability in a sequence of numbers.