There appear to be two possible equilibria for rival sports leagues: an agreement to have their champions
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There appear to be two possible equilibria for rival sports leagues: an agreement to have their champions compete and then eventually the leagues merge like baseball (the AL and NL for baseball) OR a fierce competition which leads to the more established league (NFL, NBA, NHL) offered a merger and essentially a buyout of the upstart rival league (USFL, ABA, WHL). Can two professional leagues co-exist separately from each other and have similar levels of skill?
Economically explain your answer.
Related Book For
Statistics Unlocking The Power Of Data
ISBN: 9780470601877
1st Edition
Authors: Robin H. Lock, Patti Frazer Lock, Kari Lock Morgan, Eric F. Lock, Dennis F. Lock
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