The Business of the Game

Economics Of Sport

Explore the complex world of sports economics, from multi-billion dollar TV deals and player contracts to stadium funding and league monopolies.

Finance Business Sports Management

6 Questions Hard Ages 9+ Apr 6, 2026

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About this Study Set

This study set covers Economics Of Sport through 6 practice questions. Explore the complex world of sports economics, from multi-billion dollar TV deals and player contracts to stadium funding and league monopolies. Every question includes the correct answer so you can learn as you go — pick any format above to get started.

Questions & Answers

Browse all 6 questions from the The Business of the Game study set below. Each question shows the correct answer — select a study format above to practice interactively.

1 Which revenue source is typically the largest contributor to the total income of major leagues like the English Premier League?

A Ticket sales
B Broadcasting rights
C Merchandise sales
D Food and beverage

2 What is the term for a legal agreement that limits the total amount a team can spend on player salaries?

A Price ceiling
B Luxury tax
C Salary cap
D Revenue share

3 In the 1922 case Federal Base Ball Club v. National League, the U.S. Supreme Court granted MLB an exemption from which laws?

A Anti-trust laws
B Income tax laws
C Property laws
D Labor union laws

4 What is the economic term for the loss of potential gain from other alternatives when one alternative is chosen, such as building a stadium instead of a hospital?

A Sunk cost
B Opportunity cost
C Marginal cost
D Fixed cost

5 Which city's 1984 Summer Olympics is famous for being the first to turn a significant profit using a private-funding model?

A London
B Montreal
C Los Angeles
D Seoul

6 What is the name of the system where a new team pays a specific amount to join an existing professional sports league?

A Entry tax
B Franchise fee
C Expansion fee
D Buy-in credit

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