(b) Using Excel plot the \"ideal" Lorenz curve. Label the axes. [2 Points] (c) Find the number of wins for each team in MLB for the 2009 season. Rank the teams based on the number of wins. Use this data to complete the last two columns of the table. [5 Points] Total % of Teams Number of Wins % of Total Wins Bottom 10% Top 10% 1.00 ((1) Find the number of wins for each team in NHL for the 2009-10 season. Rank the teams based on the number of wins. Use this data to complete another table similar to the table for baseball. [5 Points] (e) Use EXCEL to plot the Lorenz curve for both MLB and NHL in the 2009 season, using the same gure used in Part (b). [8 Points] (f) Based on your Figure in Part (e), which league has more competitive balance, MLB or NHL? Briey explain your answer. [2 Points] Question #5: Stadium Construction and Externalities [12 Points] The Golden State Warriors moved into a new arena in San Francisco in 2019. At the time there was some strong opposition to the construction of the arena by local residents. (a) On Cat Courses nd the \"Data Resources\" Folder. There you will find the Mission Bay Alliance petition which listed the reasons for their opposition to the Warriors arena. Summarize three of their points on why the group is opposing the new Warriors arena. [3 Points] (b) Graphically illustrate the type of extemality the new Warriors arena would cause according to the arena opponents. Clearly label the curves and axis. Identify the market equilibrium as Point A and the socially optimal equilibrium as Point B. [5 Points] (c) If you were part of the Golden State Warriors management how would you counter these arguments? What are the possible benefits to the construction of the new arena that could outweigh the perceived negative impacts? [4 Points]