Special permission for the athletic industry

Assignment Help Macroeconomics
Reference no: EM131046025

A few industries in the United States have convinced the political system to allow large firms to work together legally. In particular, collegiate and professional sports teams have been given legal authority to cooperate to limit competition (in business, not in athletic competition). Many other industries would like similar permission but most firms are not allowed to legally cooperate to restrain competition. Does there seem to be a public interest in the special permission for the athletic industry or does this appear to be a case of unfair advantage at the expense of consumers?

Reference no: EM131046025

Questions Cloud

Define the short run as being : 1) Economists generally define the short run as being 2) Production functions indicate the relationship between
What are the various types of prime books : What are the various types of prime books?
Great lakes higher education corp : For a period of sixteen months, Great Lakes Higher Education Corp. (Great Lakes), a not-for-profit student loan servicer, issued 224 student loan checks totaling $273,152.88.
Boundaries of the united states : Every year, billions of dollars' worth of illegal drugs and alcohol are produced within the boundaries of the United States. Official US GDP estimates have excluded the value of this production because the data have been unavailable to the governme..
Special permission for the athletic industry : Does there seem to be a public interest in the special permission for the athletic industry or does this appear to be a case of unfair advantage at the expense of consumers?
Funds from american security bank : Tally held a savings account with American Security Bank. On seven occasions, Tally's personal secretary, who received his bank statements and had custody of his passbook, forged Tally's name on withdrawal slips that she then presented to the bank..
Bounds of the firm : Ashland Oil, Inc., buys its crude oil in the market. Larger oil refiners, such as Texaco, drill for their own crude oil. Why do some oil companies drill for their own crude oil and others buy crude oil in the market?
Currency markets influence exchange rates : 1. (T/F) Under the gold standard, countries that imported more than they exported had to pay for this with an outflow of gold to other countries. 2. (T/F) Currency markets influence exchange rates under a fixed exchange rate system.
Corporate form of business organization : 3) Which of the following is a disadvantage of the corporate form of business organization?

Reviews

Write a Review

Macroeconomics Questions & Answers

  Does each additional singing of the song hurt more than the

Mylie’s total utility from singing the same song over and over is 50 utils after one repetition, 90 utils after two repetitions, 70 utils after three repetitions

  Elucidate which economic concepts sure as comparative

Elucidate which economic concepts, sure as comparative advantage, apply to your firm. Explain how these economic concepts can be used to address the firms's problem and opportunities.

  Explain output at different levels of capital and labor

Assume you are looking at data for an economy that uses only two inputs, physical capital and labor. The table shows output for different combinations of labor.

  How to represent the results as a normal-form game

An industry consists of two firms with identical costs C(q) = 5q +q2=2. The firms can either collude or compete. If both collude, they each produce qm (half the monopoly output Qm). If one rm colludes and the other competes, the latter produces th..

  1 in april 2009 the us unemployment rate was 89a according

1. in april 2009 the u.s. unemployment rate was 8.9a. according to one version of okuns law the gdp gap is twice the

  How to find the equation to the isocost line

The firm need a combination of one unit of capital and two units of labor per hour to make ten units of output. The technology is such that an increase in labor has to be accompanied with an increase in capital, and a decrease in labor has to be a..

  1 a innocent a first year business student wonders why one

1. a innocent a first year business student wonders why one should consider scarcity and choice as basic problems in

  Explain what has occurred and why reason for shift

President Chavez Venezuela said he is going to not sell oil to the United States. What will happen to the price and quantity of gasoline in the United States?

  Determine pw-aw and fw as measures of performance

The Company IIE Inc. is considering upgrading their distribution center (DC) and have received investment proposal from four different vendors. The budget limitation for the investment is $1 million. The investment proposals are listed in Table 1...

  Compute the equilibrium level of income

Suppose that consumption schedule for a private open economy is such that consumption C=50+0.8Y. Suppose further that planned investment Ig and net exports Xn are independent of the level of real GDP

  Chrissy purchases food f and other goods y and has the

chrissy purchases food f and other goods y and has the utility function ufy-fy with mufy and muyf. her income is 12.

  This solution will focus on the negative impacts of nafta

This solution will focus on the negative impacts of NAFTA from two main fronts: the negative impact on trade and negative impact on employment.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd