In 2019, the Alliance of American Football (AAF), a professional football league, went out of business. The
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In 2019, the Alliance of American Football (AAF), a professional football league, went out of business. The AAF played its games in the spring, while the National Football League (NFL) plays its games in the fall. In discussing the failure of the AAF, a columnist for the San Antonio Express News asks the question, “Can any upstart football league take on the NFL monopoly, and win?” The NFL has 32 teams located in cities around the United States. In what sense can the NFL be considered a monopoly? Why might it be difficult for new leagues to enter the market for professional football in the United States?
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The term monopoly typically refers to a market structure in which there is a single dominant provider of a good or service giving that provider signif...View the full answer
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