SPORTS MARKETING
Explain why a monopolistic team can have positive profits in the
long run, but perfectly...
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Economics
SPORTS MARKETING
Explain why a monopolistic team can have positive profits in thelong run, but perfectly competitive teams have zero profits in thelong run.
&
What is the purpose of two-part pricing? Be specific.
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Answer 1 In case monopolistic market high entry barrier exist But in case of perfectly competitive market free entry barrier exist Hence when the monopolistic team earn positive
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