Why can baseball teams claim to be natural monopolies?

M

MattM

Member
Joined
May 13, 2008
Messages
291
Reaction score
0
Points
16
A. they have small efficient size
B. their fixed costs are high and their marginal costs are low
C. their fixed costs are low and their marginal costs are high
D. they have no good substitutes

I'm studying for economic of sports final and I don't understand this concept. Any help and comments are appreciated. Thanks
 
Back
Top