Answer to Question #65612 in Economics of Enterprise for Bobby
In some cities in England they have several teams in the premier league (the country's top soccer league). Explain how this may affect the monopoly of those teams. ( Doe the presence of other teams affect their power to influence prices? why?
As some cities in England have several teams in the premier league, this affects the monopoly of those teams, because in fact they have less power to influence prices and they manage in the ogopolistic market and should set prices for tickets, attributes etc.