In markets for many fruits, vegetables, and an increasing number of imported goods, consumers cannot discern the quality of a product prior to purchase and can never identify its producer. Producing high-quality, safe goods is costly for a firm and raises the collective reputation for quality...

Although many sports leagues are viewed as monopolies, research suggests that some economic competition exists between teams in dierent sports leagues. If fans make consumption choices based on the quality of all teams that are present in their region, then economic competition and ownership...

Although many sports leagues are viewed as monopolies, research suggests that some economic competition exists between teams in different sports leagues. If fans make consumption choices based on the quality of all teams that are present in their region, then economic competition and ownership...