A major sports league, comprised of 200 players, reported a loss of $519 million in 2021. The sports league has yearly fixed costs of $700 million. The league is considering shutting down for the 2022 season and selling the rights to their players to a rival league for the entire 2022 season. What is the lowest price the sports league would be willing to accept (indifferent) for the rights to all of their players, which would then lead to a shut-down for the 2022 season? Assume this is a short-run decision and all relevant numbers are presented in the problem.

Group of answer choices

a) $181 million

b) $519 million

c) $700 million

d) $1219 million

e) None of the above.