1 45 Why was the limited exemption from antitrust laws so crucial to the development of the NFL? 2 4

1 45
Why was the limited exemption from antitrust laws so crucial to the development
of the NFL?

2 46 Suppose that all St Louis Rams
fans feel the same as Jane, who values every game at $28, regardless of the
opponent Can the Rams increase profits by bundling the Rams–Bears game with
three others? Why or why not?

3 47 Suppose that most fans prefer
Sunday afternoon baseball games (regardless of opponent) to all other types of
games Describe two pricing strategies that a team could use to increase
profits based on this difference in demand

4 410 Suppose that, in order to protect
Ronaldo from his adoring fans, soccer teams that host Real Madrid must hire
extra security, and security costs go up as the number of fans at the game goes
up When a team such as Arsenal hosts Real Madrid, how do these extra costs
affect the price of a ticket for that game compared with the price of a ticket
when they host any other team? Is this price discrimination by Arsenal? Why or
why not?

5 In
game theory, what is dominant strategy?

6 Briefly
discus the two earliest antitrust laws enacted in the United States

7 What is the loss to fans from the
monopoly power that sports franchises exert? Explain

8 Differentiate
between first and second degree price discrimination

9 Differentiate
between second and third degree price discrimination

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