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1. Prior to free agency Players in the NHL could only play for the team that drafted them. Explain what type of labor market this

1. Prior to free agency Players in the NHL could only play for the team that drafted them. Explain what type of labor market this would be? Draw a graph showing what the wage rate would be for a typical player. After free agency players can sell their services to the team that offers them the best contract. Explain in words and show on the graph how the wage rate would change.

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