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Model for gate revenue

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Assume that the NFL is considering expanding the league by placing a team in Las Vegas. Using a model for gate revenue (and ignoring other revenue streams), illustrate a scenario in which this franchise would not exist unless the NFL could guarantee the new owner local monopoly power. Further assume that MC=0. Be sure to interpret and label the graph where appropriate and use a few well chosen sentences. (sports Economic)

Reference no: EM132026987

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