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What are some arguments as to why teams are not
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- Do sports teams show profit maximization behavior or do they tend to incline monopoly pricing? As a result of that discussion, how would you treat these entities: Firm or club? Please explain.What is increase in diversity in gamesWhy do you think people should be more accepting of the gaming/esports world?
- Match the statements to complete a correct sentence A market structure with only one seller called Monopoly A market structure with few sellers called Oligopoly If the income elasticity of demand for bananas is 3.45, then banana's considered as Choose. The cost that is declining as output increase Choose. The quantity that consumer is willing and able to buy at a given price and time period is Quantity demanded The quantity that producer is willing and able to sell at a given price and time period is Quantity supplied The cost that remain unchanged regardless of of level of production called Choose. The time frame at which at least one input is fixed called Choose.. If the elasticity of demand is infinity, then the demand curve is Choose. If the elasticity of demand is zero, then the demand curve is Choose. The time frame at which all inputs are variables called Choose. If the cross elasticity of demand between good A and B is -2.7, then A and B are Choose.Will the firms in an oligopoly act more like a monopoly or more like competitors?Which benefit is shared by both monopolies and oligopolies?
