Major League Baseball teams are similar to other firms in that they use factors of production to produce a product (baseball games).An example of capital used by teams to produce their products is

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Ballparks where the games are played are an example of capital used by teams to produce their product (baseball games). The ballparks are fixed assets that require significant investments and maintenance to provide shelter, lights, seating, and other amenities for the fans and players. Teams use these ballparks to generate revenue from ticket sales, concessions, merchandise, and advertising, among other sources. The ballparks are essential to the production and consumption of baseball games, and they can also be used for other events to generate additional revenue for the teams.

Major League Baseball Teams Are Similar to Other Firms in That