Which of the Following Is Not a Barrier to Entry

question 16

Multiple Choice

Which of the following is not a barrier to entry in professional sports markets?

• A)Each league has rules governing the addition of new franchises
• B)Potential new owners must pay current owners hundreds of millions of dollars
• C)Most potential owners must offer to build new stadiums
• D)Incumbent teams have rights to veto franchises in their own geographic markets
• E)Because the number of potential billionaire owners has risen dramatically,the purchase prices have dropped

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Definitions:

South Vietnamese

Refers to the people, culture, or aspects of the former Republic of Vietnam, located in the southern part of Vietnam.

Catholic

Relating to the Roman Catholic Church, which is led by the Pope and characterized by its global presence and doctrines such as the sacraments and veneration of saints.

Muslim

A follower of Islam, a monotheistic Abrahamic religion based on the Quran, which Muslims believe to be the word of God as told to Muhammad, the final prophet.

Hindu

A follower of Hinduism, the world's third-largest religion, which is practiced predominantly in India and Nepal.