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It is important to understand the labour market for athletes before grasping on the economics of sports. The athletes are equivalent to the products in

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It is important to understand the labour market for athletes before grasping on the economics of sports. The athletes are equivalent to the products in a labour market as people are paying to see them perform in sporting events so essentially they observing part of the product process. The sports industries are basically selling their athletes to the spectators. I will start explaining the structure of the sport labour market by looking at the perfect competitive market

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