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The Atlanta Falcons is a professional football team that is a part of the National Football League Arthur Blank purchased the organization from the Smith Family. Because of the exclusive rights granted to the NFL, professional footbal teams cannot be started without approval of the NEL and others. perfect competition monopolistic competition oligopoly monopoly

Question

The Atlanta Falcons is a professional football team that is a part of the
National Football League Arthur Blank purchased the organization from
the Smith Family. Because of the exclusive rights granted to the NFL,
professional footbal teams cannot be started without approval of the NEL
and others.
perfect competition
monopolistic competition
oligopoly
monopoly

The Atlanta Falcons is a professional football team that is a part of the National Football League Arthur Blank purchased the organization from the Smith Family. Because of the exclusive rights granted to the NFL, professional footbal teams cannot be started without approval of the NEL and others. perfect competition monopolistic competition oligopoly monopoly

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UrielaProfessional · Tutor for 6 years

Answer

oligopoly

Explain

The NFL's exclusive rights and the inability to start a professional football team without approval indicate a high barrier to entry and limited competition. This aligns with the characteristics of an oligopoly, where a few firms dominate the market.
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