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To: mbrfl

I don’t think it is a monopoly

It is just one leg of the entertainment industry in this country


13 posted on 10/08/2017 12:51:02 PM PDT by uncbob
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To: uncbob

I get your point, but it’s really a matter of degree. If you take that argument to its extreme you could make the same argument, that power companies are not a monopoly because consumers of power can always choose to do without and spend their money on something else.

The market for football is sufficiently unique that it has a low substitution effect ,i.e. consumer behavior is slow to respond to increases in price by spending their dollars somewhere else, which indicates it has a high degree of uniqueness, and that other products make a poor substitution for it.


29 posted on 10/08/2017 1:11:42 PM PDT by mbrfl
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