For decades, the NCAA restricted the number of college football and basketball games that could be televised, and in 1982 the University of Georgia and the University of Oklahoma sued the NCAA under the federal antitrust laws
In 1984, the Supreme Court decided the case
A) against the NCAA, citing anticompetitive practice.
B) against the NCAA, citing that the NCAA did not control what television networks put on the air.
C) for the NCAA, citing the fact that belonging to the NCAA was voluntary.
D) against the NCAA, citing explicit collusion among the larger colleges.
A
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Over the last three decades in the United States, services have become a smaller fraction of GDP relative to goods
Indicate whether the statement is true or false
The local baseball stadium's concession stands previously sold hot dogs for 80 cents apiece. At that price, when a baseball fan went to watch a baseball game, he bought 2 hotdogs. But now that the stadium has a "dime-a-dog night," he has purchased 6 hot
dogs. What is the approximate value of this individual's absolute price elasticity of demand for hot dogs? A) 0.64 B) 0.80 C) 1.00 D) 1.56