Graph equilibrium in the talent market, assuming that there is a large-market team and a small-market team.
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Graph equilibrium in the talent market, assuming that there is a large-market team and a small-market team. Assume the large-market team's MR curve is higher than that of the small-market team. Show what will happen if a recession reduces fan income in the large market. Briefly summarize and explain the impact on the equilibrium winning percentage.
Related Book For
Microeconomics An Intuitive Approach with Calculus
ISBN: 978-0538453257
1st edition
Authors: Thomas Nechyba
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