@ Word File Edit View Insert Format Tools Table Window Help @ X 3 @ 0 B = A2 Q [ ) Mid-Term Exam (1) Home Insert Design Layout References Mailings Review View |2 Share Paste Styles 7 Pane Ssubscription Required to Edit and Save Start your free one month trial of Microsoft 365 or sign in to activate an existing subscription. Activate Mid-term Exam Economics of Sport - Spring 2024 Due: Sunday, February 18" by 11:55 p.m. to the corresponding drop box in Week 6. Directions: For this test, each question will be worth 10 points and you have to answer five questions for a total of 50 points. You'll have the option to choose any questions you want, but have to answer at least five. The questions will consist of what we've covered so far in class. Good luck! 1. How would you define sports economics in today's industry, as noted in chapter one? How has this changed in the past 10 years in your assessment? Feel free to give examples here. 2. Describe and analyze profit and profit maximization in today's sports business as noted in chapter two. Feel free to give examples here. 3. Describe and analyze the marketing of league's products today, i.e. NFL, NBA, MLB, NHL, etc. as noted in chapter three. How has this changed in the past 10 years, in your viewpoint? 4. What's the significance of competitive balance in today's sports economics, as noted in chapter four? What''s the importance of competitive balance in MLB today (luxury tax)? Feel free to give examples here. t 176% [ ijit M 1 41M1words [ English (United States) iaf,Access\\'b\\Iity: Good to go o & Word O 1] Edit View Insert Format Tools Table Window Help @ X 3 B = = ) Mid-Term Exam (1) Home Insert Design Layout References Mailings Review View |# Share Paste Styles 7 Pane Ssubscription Required to Edit and Save Start your free one month trial of Microsoft 365 or sign in to activate an existing subscription. Activate 411 words 5. 10. o~ Highlight the aspects of pricing decisions in today's sports economics, as highlighted in chapter five. What's the importance of competitive pricing, ticket pricing and demand elasticity? Analyze the aspects of two-part pricing in today's sports economics, as noted in chapter five. How do you feel this can impact sports economics looking ahead to new consumers? Explain and analyze advertising in today's sports industry, as noted in chapter six. From an economic standpoint, how does this impact sports today? What are some ways/strategies athletes and teams/organizations are being advertised today? Review and analyze the impact of naming rights within sports economics today, as noted in chapter six. Do you see this becoming more of a trend in sports looking ahead? Feel free to give examples here. Review and analyze the Sports Broadcasting Act, as highlighted in chapter seven. What's the significance and aspects to this rule relating to economics? What impact did this have on the NFL? And in the NFL today, how has the abolishment of the blackout rule affected the NFL attendance, in your assessment? How have broadcast rights changed in today's sporting events, as noted in chapter seven? From an economic standpoint, do you se rights increasing? If so, in what ways? EE - e e+ 176% English (United States) iaf,Access\\'b\\Iity: Good to go