Sports leagues achieve monopoly status by doing all of the following,except:

Question

Quizplus · Accepted Answer

The statement is asking for an exception, and the only option that does not allow a sports league to achieve monopoly status is producing a heterogeneous product, which means that there are several substitutes for the product. The other options, preventing new competition, restricting output quantity and increasing prices, and agreeing on how to share monopoly power are all strategies that allow a league to establish a monopoly.

Sports Leagues Achieve Monopoly Status by Doing All of the Following,except