An Overview of NFL Revenues and Costs

Phillip Miller ()
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Phillip Miller: Minnesota State University

Chapter Chapter 4 in The Economics of the National Football League, 2012, pp 57-79 from Springer

Abstract: Abstract To an economist, a firm is a collection of resources that produces a good or service that is then sold to consumers. A firm provides value to consumers by producing something cheaper than people could do at home. Sometimes it is as a result of the use of economies of scale on the part of the firm and sometimes it is simply impossible for a person to produce the good, like the music of a symphony orchestra. Firms then sell their products to consumers and use the revenue they acquire to pay the resources, including the firm’s owners themselves via profits, and to invest in the future of the firm.

Keywords: Price Discrimination; Major League Baseball; Operating Profit; Ticket Price; National Basketball Association (search for similar items in EconPapers)
Date: 2012
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Persistent link: https://EconPapers.repec.org/RePEc:spr:semchp:978-1-4419-6290-4_4

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DOI: 10.1007/978-1-4419-6290-4_4

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