The University of California at Irvine (UCI)allows student organizations and private firms to sell items on campus to raise funds for various activities.Many of the organizations sell boba,a Taiwanese tea drink,because boba is popular with students.The market for boba on the UCI campus is very competitive.If legislation is passed to restrict the entry of private firms into the boba market at the UCI campus,the
A) market would become less competitive.
B) market would become more competitive.
C) demand for boba would fall.
D) supply for boba would increase.
E) demand for boba would increase.

Question

Quizplus · Accepted Answer

If legislation is passed to restrict the entry of private firms into the boba market at the UCI campus, the competition in the market would decrease as there would be fewer sellers. This would make the market less competitive.

The University of California at Irvine (UCI)allows Student Organizations and Private