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For sports economics, in a bilateral monopoly, the labor supply is given by w=100+(2/3)L and the labor demand is given by w=700-(4/3)L. What wage gives
For sports economics, in a bilateral monopoly, the labor supply is given by w=100+(2/3)L and the labor demand is given by w=700-(4/3)L. What wage gives the teams all the surplus?
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