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Restaurants Don't Use Market Price to Allocate Their Tables Because

Question 13

Multiple Choice

Restaurants don't use market price to allocate their tables because


A) they would have to watch the price of a table at other restaurants to keep competitive.
B) restaurants would have to advertise the price.
C) the price of a table would fluctuate hourly,customer uncertainty would deter patrons,and lower demand would bring lower profit.
D) they would have to continually change the supply of tables to keep the price constant.
E) the price of a table would eventually fall to zero and restaurants would incur a loss.

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