Wal-Mart Chain Sells Canned Drinks Under the Brand Name Sam's

question 2

Multiple Choice

Wal-Mart chain sells canned drinks under the brand name Sam's Choice.This is an example of a(n) _____ brand.

• A) manufacturers'
• B) international
• C) family
• D) private
• E) corporate

---

Definitions:

Equilibrium Price

The price in the market where the amount of products offered matches the amount of products desired.

Socially Optimal

A condition or outcome that is most efficient and beneficial for society as a whole, often considered in economic policies and strategies.

Tobacco Industry

A sector comprising companies that grow, manufacture, and sell tobacco products.

Equilibrium Price

The market price at which the quantity of goods supplied equals the quantity of goods demanded, leading to market stability.