1.My roommate/mom asks me to buy milk when I go to the grocery store. She gives me $5. What has formed between us?

A. A partnership

B.An agent relationship

C.An internship

D.A contract

2.Chicos Tacos opens a taco truck on Mesa. Lines form at the truck as West Siders finally get convenient access to Chicos. 2 weeks later, Little Diner opens a Gordita stand across the street, and Carlos & Mickeys opens a margarita cart next door, capitalizing on the Chicos success. What is this phenomenon referred to?

A.Economies of Scale

B.Economies of Agglomeration

C.Unfair Competition

D.IP Infringement

Chicos Tacos opens a taco truck on Mesa. Lines form at the truck as West Siders finally get convenient access to Chicos. 2 weeks later, Little Diner opens a Gordita stand across the street, while Carlos & Mickeys opens a margarita cart next door, capitalizing on the Chicos success. 3.Which is NOT an expected benefit of this clustering?

A.Increased talent availability for all 3 competitors

B.Increased brand awareness for all 3 competitors

C.Reduced real estate prices for all 3 competitors

D.Increased foot traffic for all 3 competitors

4.Chicos, Little Diner, and Carlos & Mickeys all share a dumpster which is collected by city waste management 3 times a week. If the 3 competitors pace their garbage disposal over the week, the dumpster would never overflow, however, the dumpster is always full at the beginning of the week. The 3 restaurants are now at risk of getting fined by the city for over-filling their dumpster. What is this phenomenon referred to?

A.Tragedy of the Commons

B.Duel of the Fates

C.Capitalism

D.Prisoner's Dilemma

5.What is a company "exit"?

A.The company dissolves

B.The company sells

C.The company IPOs

D.B and C