Prominent sports economists, such as Roger Noll and Andrew Zimbalist, have characterized the major leagues (NFL, MLB,
Question:
Prominent sports economists, such as Roger Noll and Andrew Zimbalist, have characterized the major leagues (NFL, MLB, NBA, and NHL) as monopolists.
a. Definemonopoly.
b. Can the NFL, for example, be a monopoly given the presence of college and high school football?
c. Can the NFL be a monopoly given other forms of sports entertainment (e.g., baseball and basketball)?
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