Which of the following 4 is the most likely pitfall in economic thinking that relates to the following statement?
Increasing revenue sharing will increase competitive balance because the big market teams will transfer revenues to small market teams, who will buy more talent and increase their win percentage.
1. Violation of the Cetris Paribus Condition
2. Fallacy that Association is Causation
3. Good Intentions do not Guarantee Desirable Outcomes
4. Fallacy of Composition