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A Manufacturer's Brand That Was Once Widely Distributed but Is

question 218

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A manufacturer's brand that was once widely distributed but is now limited to one or two retail outlets exclusively is called a captive brand.


Definitions:

Total Utility

The total satisfaction received from consuming a particular quantity of goods or services.

Star Wars

A popular science fiction franchise created by George Lucas, comprised of movies, books, comics, and more.

Consumer Surplus

The variance between what consumers are prepared and capable of spending for a product or service compared to the actual amount they end up paying.

Marginal Utility

The additional satisfaction or utility gained by consuming one more unit of a good or service.

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