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Author Question: In the United States, major league baseball is exempt from antitrust laws. Before 1975, the baseball ... (Read 191 times)

Deast7027

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on: Jul 1, 2018
In the United States, major league baseball is exempt from antitrust laws. Before 1975, the baseball team owners agreed to hold an annual draft of amateur baseball players.
 
  Once the players were drafted and signed by a team, they were effectively tied to that team for life. This allowed baseball owners to operate like ________ in the market for player services. A) perfect competitors
  B) monopolistic competitors
  C) a monopsonistic cartel
  D) a monopoly

Question 2

Refer to Figure 9.8. With no government interference, the country pictured will
 
  A) import 500 tons of sugar.
  B) import 300 tons of sugar.
  C) import 200 tons of sugar.
  D) import no sugar.
  E) export sugar.


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batool

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Reply #1 on: Jul 1, 2018
Answer to Question 1

C

Answer to Question 2

B


Deast7027

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Reply #2 on: Jul 1, 2018
Thank you


batool

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Reply #3 on: Jul 1, 2018
No problemo


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