Which of the Following Is Not a Way Teams "Collude

question 14

Multiple Choice

Which of the following is not a way teams "collude" within professional sports markets?

• A)Agreeing on ticket prices
• B)Agreeing on rules and schedules
• C)Employing the same pool of referees
• D)Sharing national broadcast revenues
• E)Agreeing on rookie drafts

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Definitions:

Quota Rent

Extra income earned by producers who benefit from an import quota, as it raises the market price of their goods.

Demand Price

The price at which consumers are willing to buy a specific quantity of a good or service at a given time.

Supply Price

The minimum price at which a producer is willing to sell a particular quantity of a good or service.

Price Ceiling

A legal maximum price that can be charged for a good or service.