_ Teams can persuade host cities to build them new stadiums because teams can always threaten to re-locate the team. citizens are indifferent concerning whether a team leaves. players are great at arguing for new stadiums. politicians would always be re-elected if they let a team leave their city. _ A city may make sizable operating revenues from leasing a venue to a team but still subsidize its team because the city understates the multiplier effect. the city ignores opportunity costs. the team owner is caught in a prisoner's dilemma situation. the team owner pays taxes on the franchise. _ The winner's curse suggests that teams that do well one season will do less well the next season. cities that attract a franchise typically pay too much. cities often lose teams with winning records. teams that win will be a burden to the team that hosts them. _ The \"Winner's Curse" is suffered by: " Those who overbid. ' Those who do not bid at all. ' Those who underbid. " Those who win sufficiently to damage competitive balance. _ The all-or-nothing demand curve allows the International Olympic Committee to overcharge host cities baseball to avoid the antitrust laws. colleges to under-compensate athletes. football teams to move from city to city. In all-or-nothing deals. the price and the quantity are set by the ' seller's regulator. arbitrator. " seller. ' buyen _ A consumer facing an \"all-ornothing\" purchase will choose to buy the product: As long as consumer surplus is less than the consumer loss. As long as the consumer surplus is equal to the consumer loss. As long as consumer surplus is at least as great as the consumer loss. As long as producer surplus is positive. _ Consumer surplus tends to be smaller in a monopolized market than a competitive one. D Question 48 1 pts Walter O'Malley is infamous for O keeping the Dodgers in Brooklyn. O moving the Dodgers from Brooklyn to Los Angeles. O mistreating his players. O not being greedy._ The Dodgers moved out of Brooklyn to LA. because the costs of staying in Brooklyn N.Y. were too high. _ When bundling is employed by a monopolist, a consumer is forced to buy a quantity larger than that dictated by the consumer's demand curve (at a given price). (For example, Cable TV bundles stations in pricing packages.) True False