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SPORTS MARKETING Explain why a monopolistic team can have positive profits in the long run, but perfectly...

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Economics

SPORTS MARKETING

Explain why a monopolistic team can have positive profits in thelong run, but perfectly competitive teams have zero profits in thelong run.

&

What is the purpose of two-part pricing? Be specific.

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Answer 1 In case monopolistic market high entry barrier exist But in case of perfectly competitive market free entry barrier exist Hence when the monopolistic team earn positive    See Answer
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