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The Combines Act
Beginning of paper
J.C.H. Jones's article "The Economics of the National Hockey League" (1969)
purpose is to explain through 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 spor .... Middle of paper
.... make an organized league function, which seems quite familiar to
any other monopolistic markets. 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 certa ....
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Number of words: 739
Number of pages: 3 (approx. 250 words per double-spaced page)
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