When one basketball team spends a large sum of money acquiring better players, it is better off. If all teams do the same thing, all of them will be better off." These statements demonstrate:

Question

Quizplus · Accepted Answer

The statements demonstrate the fallacy of composition, which assumes that what is true for one person or group is also true for the entire population or group. In this case, it assumes that if one team is better off by acquiring better players, then all teams will be better off by doing the same. However, this may not necessarily be true as there are limits to the number of good players available, and some teams may not be able to afford them, leading to uneven outcomes.

When One Basketball Team Spends a Large Sum of Money