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1. (20 points) Suppose there are 32 teams in the NFL who all have the same average revenue curve equal to AR(W) = 100 -

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1. (20 points) Suppose there are 32 teams in the NFL who all have the same average revenue curve equal to AR(W) = 100 - 5W and the same marginal cost curve equal to MC = 20, where W represents the number of expected wins. The maximum number of wins a team can get in a season is Wmaz = 16 a (6 points) Suppose half the teams are profit maximizers. How many ex- pected wins will each of these teams choose

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