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Question
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.
Answer
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Related questions
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