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Keenan and Kevin own and run the only go-kart racing business in town, KK-Karts.They have different strategies for how to run the business.Keenan wants to
Keenan and Kevin own and run the only go-kart racing business in town, KK-Karts.They have different strategies for how to run the business.Keenan wants to focus on meeting market demand and bringing in as much revenue as possible.Kevin wants to make the largest possible profit.Using a single graph of KK-Kart's demand and cost curves, show the difference between the price and quantity combinations favored by Keenan and Kevin.Explain whose strategy you recommend they follow and why?
- Draw your own graph on a piece of paper.
- Clearly label all axes and lines.Include all relevant details.
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