Prepare a response to the following, based on the article, “The World’s 50 Most

Prepare a response to the following, based on the article, “The World’s 50 Most Valuable Sports Teams 2020.”
Your response should cover each of the prompts and you will find it useful to refer to other sources in preparing your response.
Direct link:https://www.forbes.com/sites/kurtbadenhausen/2020/07/31/the-worlds-most-valuable-sports-teams-2020/
(a) Who has more monopoly power – the local WalMart or the concessionaire who has acquired the franchise to sell beer, hot dogs, colas, candy, and othe items at FedEx Field where the Washington Football Team plays home football games? Explain.
(b) Does the valuation of sports teams make sense to you? Why or why not?
(c) Which market structure we have discussed do you feel best describes professional sports? Explain why.
(d) The XFL and AAF were attempts to create a Spring professional football team. There is even talk of trying the XFL again once the pandemic is over. Given the market structure of the professional football in the United States, why do you think previous attempts to have another professional football league have failed in recent decades?

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