If NASCAR makes a business decision in favor of one track rather than another, based upon the fact that the track it chooses is owned by the same family who owns NASCAR, rather than the overall profitability of the chosen track, economists will insist that
A) this is simply a consequence of the family's monopoly power.
B) competition will quickly lead to NASCAR's demise.
C) this is what happens when there is significant economic competition in racing.
D) monopoly does not really govern auto racing.
Correct Answer:
Verified
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