Beer prices at major league baseball stadiums are usually much higher than prices at a bar or restaurant. This is mainly because
a. it costs the owners of the baseball teams more money to buy the beer from distributors.
b. demand is much higher at a baseball game than at a bar.
c. baseball team owners have market power and can charge a higher price when they are the only sellers of the beer.
d. the government forces the owners of baseball teams to charge a high price.
e. the owners' baseball teams are not profit maximizing.
Correct option is c. baseball team owners have... View the full answer
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c. baseball team owners have market power... View the full answer
- THE CORRECT ANSWER IS b. demand is much higher at a baseball game than at a bar.This is because there is usually many people at the same time at the leagues and therefore demand is high,raising the price. KINDLY IGNORE OPTION C
- May 08, 2018 at 11:22pm