What are the advantages and disadvantages of using a lockout


Problem

What are the advantages and disadvantages of using a lockout when lengthy talks don't lead to an agreement and both players and owners will face heavy financial losses if games aren't played?

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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Microeconomics: What are the advantages and disadvantages of using a lockout
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