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
Correct Answer:
Verified
Correct Answer:
Verified
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