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:

Self-Efficacy

An individual's belief in their own ability to succeed in specific situations or accomplish a task, which can influence their motivation and persistence.

Verbal Persuasion

The process of influencing or convincing others to believe or act in a certain way through the use of spoken words.

Self-Efficacy

An individual's belief in their capacity to execute behaviors necessary to produce specific performance attainments.

Law Of Effect

The principle that behaviour followed by pleasant consequences is likely to be repeated; behaviour followed by unpleasant consequences is not.