In exchange for a share of the revenues earned on campus, State U has granted CheapFizz the exclusive right to sell soft drinks in the student union and in vending machines on campus. Prior to the deal, three soft drink companies sold beverages on campus; now no other soft drink company is allowed to sell its products on campus. The beneficiaries of this deal is/are ________.

A. the students at State U
B. State U and CheapFizz
C. CheapFizz
D. State U


Answer: B

Economics

You might also like to view...

To increase total revenue, firms with ________ demand should lower price, and firms with ________ demand should increase price.

A. elastic; inelastic B. unit; inelastic C. elastic; unit D. inelastic; elastic

Economics

Figure 3-7 What is the opportunity cost of moving from point B to point A in Figure 3-7?

A. 20 units of X B. 50 units of X C. 25 units of X D. 75 units of X

Economics

________ marginal costs of production would tend to ________ a good's ________

A) Higher; increase; supply curve B) Lower; increase; supply curve C) Lower; decrease; supply curve D) lower; increase; demand curve

Economics

An economy's PPC illustrates the extent to which the economy consumes what it produces

a. True b. False Indicate whether the statement is true or false

Economics