Submit a one page response to the following questions after reading the handbook chapter on league structures.
How does an open league with relegation work? (Association football in Europe is often structured like this.)
How does this structure affects competitive balance? Explain.
Suppose the NBA moved to an open structure with 24 teams in the top tier. What are some things you would expect to see differently in terms of competitiveness, free agency, additional teams, teams ability to get subsidies from cities, etc.?