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The Combines Act

Part 1 of Paper
....hrough simple micro economics that the prime motive of professional hockey team owners is profit maximization. The owners argue that their main interest is "for the love of the game," not the financial benefits of owning a professional sports franchise and to avoid government regulations such as the Combines Act (note ....

Part 2 of Paper
.... Since no team can create any revenue by themselves they must form a coalition with another club to produce a profit generating output, namely a hockey game. Other clubs enter this coalition thus creating a formal league which we call the National Hockey League. Jones then states how revenue is generated in the N.H.L and how it is affected by certain factors. A theoretical model of the N.H.L is created by Jones with all things being equal, creating an equilibrium amongst all clubs. The model is....

Number of words: 739 - Approximate pages: 3

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