The Grade 12 graduating class wants to sell refreshments at the snack bar during the sporting events during the school year. They submitted a proposal to the SRC and Local School Board to sell soft drinks, candy, trail mix, popcorn, and other snacks for prices yet to be determined. The SRC and School Board accepted the proposal as long as the Grade 12’s agreed to pay a rental fee for the space where the snack bar would be set up. Other than that, they were allowed to operate the snack bar however they wished. What type of economic system does this scenario suggest, and why?
