Business, 20.08.2019 23:30 tseaux9

Beer prices at major league baseball stadiums are usually much higher than prices at a bar or restaurant. this is mainly because: it costs the owners of the baseball teams more money to buy the beer from distributors. demand is much higher at a baseball game than at a bar. baseball team owners have market power and can charge a higher price when they are the only sellers of the beer. the government forces the owner of baseball teams to charge a high price. the owners’ baseball teams are not profit-maximizing.

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