Understanding Antitrust Laws in Professional Sports
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Baseball’s free agent era was created by the Supreme Court’s ruling in the Curt Flood case.
Define the term monopoly: A market situation where one producer (or a group of producers acting in concert) controls the supply of a good or service, and where the entry of new producers is prevented or highly restricted.
Name the federal antitrust laws that have a substantial impact on sports: Competition law.
Name two of the exemptions from antitrust laws that have been used in the sports industry: Baseball's antitrust exemption and the broadcasting exemption in the Sports Broadcasting Act.
Provide an example of a sports league rule that has become the subject of antitrust litigation because of accusations that the rules are too restrictive: Professional
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