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Monopolies In Major League Baseball

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Monopolies In Major League Baseball
According to an article in the Review of Industrial Organization, the Major League Baseball (MLB) generated $6 billion in monopoly revenues in 2007 (Vrooman, 2009, p. 7). More to the point, with the opening of the Yankee stadium in 2009, baseball tickets continued to soar in spite of a recession because of a limited capacity in an economic and demographic market that is consistently expanding (Site). Since the Supreme Court (1922) ruled that baseball is not a business, but a sport, the MLB has taken advantage of the federal anti-trust law exemptions, and created barriers that prevent competition. Consequently, the owners within the league created monopolies that control prices while maximizing profit.
The sport monopolies created barriers
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