Do some research and write a Topic Paper that describes the market structure in which a typical professional sports team in or outside the United States (e.g. New York Yankees, Kansas City Wizards, New Jersey Nets, Manchester United, etc.) operates. Do they clearly fit into one of the four structures discussed in our book? If yes, describe which one and support the conclusion you reached? If you believe they do not fit neatly into a structure, describe why not?
After you have reached your conclusion, examine and explain how, if at all, your conclusion changes if the scope of the marketplace changes, i.e., the area of consideration is narrowed or widened. The area of consideration may be the product or service under review or the geographic area in which the product or service is offered. Lastly, gather some information about a market structure called ‘monopsony’ and state why or why not that structure is relevant to the topic. Properly cite outside references, and note there is a wealth of information available on the topic..3-4 pages. Get Economics homework help today
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