In 2014, the NCAA Was the Subject of Two Antitrust

question 141

Multiple Choice

In 2014, the NCAA was the subject of two antitrust lawsuits related to video games.The NCAA reached a settlement in which it agreed to

• A)stop authorizing the production of NCAA-branded video games.
• B)allow schools to pay athletes so it could continue to use their images in the video games.
• C)pay current and former athletes whose names or images had been used in NCAA-branded video games.
• D)split into two separate entities, one which monitors college athletics and the other which markets products.

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Definitions:

Intense Competition

A market situation characterized by a high level of rivalry among businesses, often leading to innovations and lower prices for consumers.

Entry-Restricting Legal Barriers

Regulations and legal requirements that limit the ability of new competitors to enter an industry.

Monopoly Cartel

A collaboration of independent businesses formed to control production, sales, and prices of goods within a market, behaving similarly to a single monopoly.

Funeral Home Industry

A sector of the economy that provides services related to the preparation, management, and coordination of funerals.