Laverna bought cucumbers for 50 cents each, pickled them, and sold jars to friends. She got orders for 100 jars and negotiated with the grocery to get cucumbers at 35 cents
In two months, she was filling web orders and buying cucumbers from the distributor for 12 cents each. How does this impact Laverna's price for cucumbers?
A) consumer sovereignty
B) monopolistic competition
C) economies of scale
D) perfect competition
E) the basic right to compete
Answer: C
Explanation: C) Laverna's costs go down as she is able to serve more customers.
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