There Is Often Only One Major League Baseball Team in a City.What

question 43

Multiple Choice

There is often only one major league baseball team in a city.What is the consequence of this in terms of ticket prices?

• A) Ticket prices will be lower because each team is a monopoly in the city.
• B) Ticket prices will be higher because each team is a monopoly in the city.
• C) Ticket prices will be lower because each team lacks market power.
• D) Ticket prices will be higher because each team is faced with strong competition.
• E) Ticket prices are unaffected by the number of teams in a city.

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Definitions:

Micro-Level Actors

Individuals or small groups that operate or influence processes at a very local or personal level within larger social systems.

Macro-Level

A term used in sociology to refer to the analysis of large-scale social processes, institutions, and structures.

Social Scientific Investigation

An approach to research that involves the systematic study of societal patterns, behaviors, and cultural phenomena using empirical and theoretical methods.

Anthony Giddens

An eminent sociologist hailing from the UK, famous for his structuration concept and all-encompassing outlook on modern societies.