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These companies spend less on advertising and more on the actual product. That's a very important concept in this industry, because their quality product at this discounted price gives them a niche in the market. Once a company establishes a niche, they become more visible to the consumer, thereby creating more demand, which leads to greater revenue...
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Once a company establishes a niche, they become more visible to the consumer, thereby creating more demand, which leads to greater revenue.
2. Analyze sports franchises from the point of view of a monopoly.
Sports franchises fall within the market structure of monopolies. Most professional sports teams fit most or all of the characteristics of a monopoly...
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