Source: Foundation for Economic Education
by Ninos P Malek
“While WCW enjoyed success for a few years, it began to lose steam in the late 1990s. Issues such as internal management struggles, poor creative choices, and a failure to develop new stars contributed to its decline. By the start of the millennium, WCW programming was behind that of the WWF, which featured new stars such as Dwayne ‘The Rock’ Johnson and ‘Stone Cold’ Steve Austin, and the company was losing lots of money. Ultimately, in March 2001, WWF bought its competitor, signaling the end of WCW. The lesson is simple: trying to dominate the market or attain a complete market share is not anti-competitive behavior; rather, it is what real competition looks like.” (01/06/25)
https://fee.org/articles/the-professional-wrestling-industry-and-market-competition/