ISS 328 Final Exam || 100% Detailed Answers.
League with the greatest overall attendance correct answers MLB
League with greatest average attendance per event correct answers NFL
Average attendance per CFB game correct answers 45,000
Average attendance per basketball game correct answers 5,000
Market Value correct answers What a team can be sold for
NFL Revenue vs. Major Companies correct answers $11.1B, (Macys and Walmart are 50x more)
Detroit Sports teams market value rank correct answers Lions>Tigers>Pistons>Red Wings
Most Valuable Sports Franchise correct answers $11.1 Billion
Which league gets largest sale of revenue from ticket sales? correct answers NHL
Least amount of sale of revenue from ticket sales? correct answers NFL
Economic Value Added correct answers Team income- Capital purchases
Profit Max Rule correct answers Sell until MR=MC; MC is 0 if stadium is not full
League with lowest average ticket price? correct answers MLB
, Price and price sensitivity trend correct answers Price inversely proportional to price sensitivity
Marginal value of ticket from scalper? correct answers Marginal value is essentially zero
If there is an option to buy a ticket if team goes to playoff, sellers must be ________ and market
is not ___________? correct answers Credible; liquid
Professional sports leagues business firms are similar to...? correct answers Natural monopolies
Natural monopoly characteristics correct answers high fixed costs, low marginal costs; if MC is
constant, AC falls to it
Sports Broadcasting Act Allowed what? correct answers Collusion in league wide media
contracts
What is the most stable league in terms of rival leagues? correct answers MLB because of
antitrust exemption
Smallest variation in revenue among teams correct answers NFL
What percent of NFL tickets are shared equally? correct answers 40%
What else does the NFL share equally? correct answers Broadcasting revenue shared equally
What percent of MLB revenue is shared equally? correct answers 34%
National Broadcasting Rank By League correct answers NFL>NBA=MLB>>>NHL
League with the greatest overall attendance correct answers MLB
League with greatest average attendance per event correct answers NFL
Average attendance per CFB game correct answers 45,000
Average attendance per basketball game correct answers 5,000
Market Value correct answers What a team can be sold for
NFL Revenue vs. Major Companies correct answers $11.1B, (Macys and Walmart are 50x more)
Detroit Sports teams market value rank correct answers Lions>Tigers>Pistons>Red Wings
Most Valuable Sports Franchise correct answers $11.1 Billion
Which league gets largest sale of revenue from ticket sales? correct answers NHL
Least amount of sale of revenue from ticket sales? correct answers NFL
Economic Value Added correct answers Team income- Capital purchases
Profit Max Rule correct answers Sell until MR=MC; MC is 0 if stadium is not full
League with lowest average ticket price? correct answers MLB
, Price and price sensitivity trend correct answers Price inversely proportional to price sensitivity
Marginal value of ticket from scalper? correct answers Marginal value is essentially zero
If there is an option to buy a ticket if team goes to playoff, sellers must be ________ and market
is not ___________? correct answers Credible; liquid
Professional sports leagues business firms are similar to...? correct answers Natural monopolies
Natural monopoly characteristics correct answers high fixed costs, low marginal costs; if MC is
constant, AC falls to it
Sports Broadcasting Act Allowed what? correct answers Collusion in league wide media
contracts
What is the most stable league in terms of rival leagues? correct answers MLB because of
antitrust exemption
Smallest variation in revenue among teams correct answers NFL
What percent of NFL tickets are shared equally? correct answers 40%
What else does the NFL share equally? correct answers Broadcasting revenue shared equally
What percent of MLB revenue is shared equally? correct answers 34%
National Broadcasting Rank By League correct answers NFL>NBA=MLB>>>NHL
