Question

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. Prior to the deal, a 12-ounce can of CheapFizz sold for 75 cents. After the deal you would expect a 12-ounce can of CheapFizz to sell for:

Answer 1

More than 75 cent

Step-by-step explanation:

Since after the deal, no other soft drink company is allowed to sell it's product on campus, the demand for 12-ounce can of CheapFizz would increase which would invariably lead to increase in sales price