Consider a food service vendor that owns the exclusive license to sell all food at IU basketball games. If IU reduces the fee that the vendor has to pay for this exclusive license, what would you expect would happen to the firms price, output, and, profit?

Group of answer choices

Decrease, increase, stay the same

Stay the same, stay the same, increase

Stay the same, increase, increase

Decrease, increase, increase

Increase, decrease, stay the same

Stay, the same, stay the same, stay the same