Why such a restriction might make the team owners better off, Microeconomics

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Why such a restriction might make the team owners better off

Problem

Professional sports leagues often have salary caps that limit the amount individual teams can pay players. Using the prisoner's dilemma game, explain why such a restriction might make the team owners better off.

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: Why such a restriction might make the team owners better off

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Microeconomics: Why such a restriction might make the team owners better off

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