In the 1950s, the National Football League (NFL) had a virtual monopoly because _____________.
Fill in the blank(s) with the appropriate word(s).
it had control over an essential resource
Economics
You might also like to view...
If the government could raise taxes on one good, which product should the government increase tax rates in order to raise tax revenue?
a. Cigarettes b. Alcohol c. Sodas d. None of the above
Economics
Markets tend toward equilibrium and, as a result, will tend to eliminate shortages and surpluses. Why?
Economics
Economists emphasize the importance of ____ in analyzing demand
a. quantity b. market potential c. wants and needs d. price e. sales opportunities
Economics
Competition promotes the _____ ---- of resources and provides the _____ for innovative improvements
Fill in the blank(s) with the appropriate word(s).
Economics