Why can sports teams spike their prices up on major event dates? Why do some teams end up doing better in big cities rather than small ones? (Sports economics)

Sports teams can spike their prices up during a significant event because the demand to watch the match is high. When there is a major sport event like the world cap, the demand to watch the match is high. With the increase in demand, the price of entry fees increases. Also, the increase in price can be explained using the demand curve, which states that the increase in demand for a product or service increases the commodity price.

Most teams do better in big cities rather than small ones because, in big cities, the teams can generate more funds. In large cities, the demand to watch game matches is high than in small cities. With more demand to watch game matches, the price of watching a match increases; thus, the sports teams in large cities make more money than teams in small cities because the demand to watch game matches in big cities is high than in small cities.