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ECONOMIC ISSUES IN SPORT Module 5
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It is possible for a team to reduce its level of profitability by placing a higher-quality team on the field of play.
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True
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Terms in this set (18)
It is possible for a team to reduce its level of profitability by placing a higher-quality team on the field of play.
True
All else equal, owners in larger markets have the ability to generate higher revenues than owners in the same league who own a team in a smaller market.
True
If a professional sports franchise owner was considered a win-maximizer, he or she would likely prioritize generating profits over any other outcome.
False
Economists generally view franchise owners in North American professional team sports as ___________.
Profit-Maximizers
Financial data from the Seattle Mariners (2000-01 through 2004-05) illustrates that the team's largest operating expensive eas players compensation.
True