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 owner of baseball teams to charge a high price.
E) the owners' baseball teams are not profit-maximizing.
Correct Answer:
Verified
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