Lecture Economics of social issues - Chapter 9: The economics of professional sports: What is the real score?
Lecture Economics of social issues - Chapter 9: The economics of professional sports: What is the real score?
The business of professional team sports provides an example of imperfect market structures. A unique characteristic of professional sports is the interdependence of teams. A professional team can be successful only if its competitors are successful. In this chapter, we will address the following question: The economics of professional sports: What is the real score?