In a forbes.com column, Patrick Rishe, an economist at Washington University, noted that in recent years, the

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In a forbes.com column, Patrick Rishe, an economist at Washington University, noted that in recent years, the National Football League has significantly expanded the number of games it broadcasts. As a result, he argued: “The NFL has oversaturated the market with its product. . . . TV ratings, consequently, have fallen. At least in part, diminishing marginal utility is a likely explanation as to why.” Briefly explain his reasoning.

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Economics

ISBN: 978-0134738321

7th edition

Authors: R. Glenn Hubbard, Anthony Patrick O Brien

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