This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: In the United States, major league baseball is exempt from antitrust laws. Before 1975, the baseball ... (Read 160 times)

Deast7027

  • Hero Member
  • *****
  • Posts: 538
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.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

batool

  • Sr. Member
  • ****
  • Posts: 320
Reply #1 on: Jul 1, 2018
Answer to Question 1

C

Answer to Question 2

B


Deast7027

  • Hero Member
  • *****
  • Posts: 538
Reply #2 on: Jul 1, 2018
Thank you


batool

  • Sr. Member
  • ****
  • Posts: 320
Reply #3 on: Jul 1, 2018
No problemo


« previous next »
 

Did you know?

Opium has influenced much of the world's most popular literature. The following authors were all opium users, of varying degrees: Lewis Carroll, Charles, Dickens, Arthur Conan Doyle, and Oscar Wilde.

Did you know?

Hip fractures are the most serious consequences of osteoporosis. The incidence of hip fractures increases with each decade among patients in their 60s to patients in their 90s for both women and men of all populations. Men and women older than 80 years of age show the highest incidence of hip fractures.

Did you know?

Astigmatism is the most common vision problem. It may accompany nearsightedness or farsightedness. It is usually caused by an irregularly shaped cornea, but sometimes it is the result of an irregularly shaped lens. Either type can be corrected by eyeglasses, contact lenses, or refractive surgery.

Did you know?

Nearly 31 million adults in America have a total cholesterol level that is more than 240 mg per dL.

Did you know?

Long-term mental and physical effects from substance abuse include: paranoia, psychosis, immune deficiencies, and organ damage.

Earth’s Major Tectonic Plates Earth’s Major Tectonic Plates
Major steps in the coagulation cascade Major steps in the coagulation cascade
The major groupings of living primates. The major groupings of living primates.
Globalization Within the United States Globalization Within the United States
Locations of major metabolic pathways within a eukaryotic cell Locations of major metabolic pathways within a eukaryotic cell
Disease: Major environmental health problems Disease: Major environmental health problems
Video: Stroke volume - afterload definition & hypertension

For a complete list of videos, visit our video library