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Week 1 Assignment | Economic Impact

Go to the readings in “Content” and read Chapter 1 of “Economics of Sports” by William S. Kern. Once you have read the chapter then please answer the following questions in essay format. Be sure to include a title page, references in APA format at the end of the paper and have citations within the text. Also, make sure you have headings and subheadings in your paper.

When a new owner buys a team and agrees to provide the only game in a specific location, the price includes rights that are valuable beyond control of capital and a player roster. Please explain market power problems, benefits, and rights that impact the surrounding area where the team is located. Your response should be approximately 200-400 words.

Week 1 Assignment | Economic Impact