A few industries in the United States have convinced the political system to all

Question

A few industries in the United States have convinced the political system to allow large firms to work together legally. In particular collegigate and professional sports teams have been given legal authority to cooperate to limit competition (in businness, noot in athletic competition). Many other industries would like similar permission but most firms are not allowed to legally cooperate to restrain competitionn. Does there seem to be a public interest in the special permission for the athletics industry or does this appear to be a case of unfair advantages at the expense of consumers?

Explanation / Answer

It has been stated in the question that firms are allowed to cooperate to limit competition in business and not in athletic competition. If the merged firms follow this principle , it will not lead to any decline in consumer advantage but if they violates this agreement and starts limiting competition in athletics also, it will lead to consumer disadvantage.

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