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Answer to Question #70627 in Economics of Enterprise for Isaac
Question #70627
in the market of professional basketball who are the demand and who are the suppliers?
Expert's answer
The market of professional basketball has specific type of market failure. Professional basketball teams are suppliers and basketball fans are demanders.
Fans forms demand by tickets, broadcasts on TV or online, things with the symbols of team etc.
Teams supplies the games, translations, merchandising etc.
Fans forms demand by tickets, broadcasts on TV or online, things with the symbols of team etc.
Teams supplies the games, translations, merchandising etc.
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