1) Suppose, as an owner, you could leave the highly competitive league (in terms of closeness of contests) that you currently play in and enter a league that assured your team would never lose again

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1) Suppose, as an owner, you could leave the highly competitive league (in terms of closeness of contests) that you currently play in and enter a league that assured your team would never lose again. Would you want to do so? Why or why not?

2) Explain how the law of diminishing returns provides a natural tendency toward competitive balance.