Question

True or false: The most profitable teams in Major League Baseball tend to be those in the largest markets (such as New York and Los Angeles). EXPLAIN.

Answer 1

The answer is ''TRUE''

With few exceptions (e.g., Green Bay Packers), league clubs generally are separately owned and operated by private parties (usually very wealthy individuals) that have an exclusive geographical territory (shared in the largest markets such as New York, Los Angeles, Chicago, and others), which share revenues but not profits or losses. Within a particular league, all clubs are not on equal footing. Their on-field competitive success, business approach, and profitability frequently very substantially.