There is often only one major league baseball team in a city. What is the consequence of this in terms of ticket prices? a. Ticket prices will be lower because each team is a monopoly in the city. b. Ticket prices will be higher because each team is a monopoly in the city. c. Ticket prices will be lower because each team lacks market power. d. Ticket prices will be higher because each team is faced with strong competition. e. Ticket prices are unaffected by the number of teams in a city.
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