Which falls between monopoly and perfect competition

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Reference no: EM132188785

All questions are true or false.

1. Sport rate is the study of how individuals and firms react to incentives.

2. Macroeconomics looks at individuals, companies, and groups of firms to see how they make decisions involving things like industry economies.

3. The book lists 4 separate ways in which a recession can negatively affect the sport industry.

4. A diolopy is a market which falls between a monopoly and perfect competition.

5. Elasticity of demand is the demand for a product being affected by the prize of another related product.

6. Microeconomics don't concentrate on the big picture issues.

7. Leagues do not promote competitive balance among members.

8. Current NCAA guidelines allow fro room, board, books, tuition, and fees to be covered by athletic scholarships.

9. Sports economies are most dramatically affected by governmental entities which wield economic power.

10. Since Title IX inception, the increase in female sports opportunities has been dismal along with actual female participation in athletics.

Reference no: EM132188785

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