1404520560 (140 * 4)40 (600 – 560)1205680600 (120 * 5)18. 19. Major league baseball is exempt from laws designed to limit market power and it operates as a monopoly.If the baseball market became competitive, the number of teams would __increase____ and the economic profit of each team would___
20. For each of the following situations in California, indicate whether or not it is an example of price discrimination.yesThe weekend price of a hotel room is greater than the mid-week price.
Stand-by passengers can fly at lower fares than passengers who buy etickets.
Colleges charge out-of-state students a higher tuition than Californian students.
A cruise line sells the second cruise booked within a year at a 20% discount.
A bank charges a higher interest rate on a car loan than it charges the same person for a student loan.
The price of water is higher for a car wash firm than it is for a farmer.
A cell phone company offers free calls on the weekend.
A gold course offers discounts to senior citizens.