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Sisters Kennedy and Kiera own and run the only nail salon in Smithville, Alaska. They have different strategies for how to run the business. Kennedy

Sisters Kennedy and Kiera own and run the only nail salon in Smithville, Alaska. They have different strategies for how to run the business. Kennedy wants to focus on meeting market demand and bringing in as much revenue as possible.

She wants to charge $ 18 per manicure and sell 140 manicures per month.

Kiera wants to make largest possible profit, charging $ 25 per manicure and selling only 100 per month.

Using a single market structure graph for the nail salon, show the difference between the price and quantity combinations favoured by Kennedy and Kiera.

Explain whose strategy you recommend they follow and why ?

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