Why such a restriction might make the team owners better off

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Professional sports leagues often have salary caps that limit the amount individual teams can pay players. Using the prisoner's dilemma game, explain why such a restriction might make the team owners better off.

Reference no: EM131144239

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Why such a restriction might make the team owners better off : Professional sports leagues often have salary caps that limit the amount individual teams can pay players. Using the prisoner's dilemma game, explain why such a restriction might make the team owners better off.

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