Question

How do professional sports leagues use the concept of scarcity when locating franchises?

How do professional sports leagues use the concept of scarcity when locating franchises?

Business   Finance   
0 0
Add a commentTranscribed image text
Next >

Homework Answers

Answer #1

The professional sports League use the concept of scarcity when locating franchise as

Scarcity is the situation when the available resources are not able to fulfill the current demand. When planning an event the organizers are concerned with the number of passes that are sold at the event. the league will create artificial scarcity,by not planning the event in every metropolitan area,so that eventually the passes are sold off at higher rates. There are internal rules that restrict movement of franchise to maintain scaricty .

as according to the concept of economics , when demand is high at times of scarcity the prices of the products shoot up.

0 0
Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
Microeconomics: In your opinion are sports leagues monopolies? Do sports stadiums create total surplus for local...
Microeconomics: In your opinion are sports leagues monopolies? Do sports stadiums create total surplus for local economies? Do they create deadweight loss? Do you think local governments should help pay for stadiums?
Why do sports leagues in the U.S. lobby politicians to grant them exemptions to antitrust law?...
Why do sports leagues in the U.S. lobby politicians to grant them exemptions to antitrust law? Explain the benefits a sports league would get if the league gains exemption from antitrust law.
What do economists mean by scarcity? Why is the concept so important in economic analysis?
What do economists mean by scarcity? Why is the concept so important in economic analysis?
Should the government step in when there is a strike or lockout in professional sports?
Should the government step in when there is a strike or lockout in professional sports?
how do we allocate resources in case of scarcity ?
how do we allocate resources in case of scarcity ?
How does opportunity cost reflect scarcity? What does it have to do with decision-making?
How does opportunity cost reflect scarcity? What does it have to do with decision-making?
1.Why are the Dallas Cowboys more valuable than the New York Yankees? (a) What advantages do...
1.Why are the Dallas Cowboys more valuable than the New York Yankees? (a) What advantages do professional sports leagues have over the previous form of organization? Discuss at least two advantages. (2 points for each.)(b) Why should the size of a league affect the profits of its members? (2 points. Instructor will grade. Use proper grammar and spelling in your answer.) PLEASE USE UPDATED INFO IN 2019 TO ANSWER QUESTIONS
Use at least ONE professional or scholarly source that discusses how Electrical charge is applied or...
Use at least ONE professional or scholarly source that discusses how Electrical charge is applied or observed in the real world. Please summarize in your own words and include the following in your initial post: 1. Provide a brief summary of your research. 2. Explain how the research illustrates the concept(s) you are discussing. 3. Discuss any ethical or practical considerations that might arise from this application of the concept. These might include (but are not limited to) environmental impact,...
What are streamlines, how do they relate to the concept of volume flux, and why is...
What are streamlines, how do they relate to the concept of volume flux, and why is the fluid speed reduced when streamlines are further apart?
Use at least ONE professional or scholarly source that discusses how Electrical charge or Electric current...
Use at least ONE professional or scholarly source that discusses how Electrical charge or Electric current (choose one) is applied or observed in the real world. Please summarize in your own words and include the following in your initial post: 1. Provide a brief summary of your research. 2. Explain how the research illustrates the concept(s) you are discussing. 3. Discuss any ethical or practical considerations that might arise from this application of the concept. These might include (but are...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT