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Now suppose both the league and players' union have market power. The players have higher bargaining power than the league: their bargaining parameter is Ap

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Now suppose both the league and players' union have market power. The players have higher bargaining power than the league: their bargaining parameter is Ap = ;. 15. If the union and the league negotiate a collective bargaining agreement, what is the equilibrium amount of talent hired? 16. If the union and the league negotiate a collective bargaining agreement, what is the wage such that the teams get all the surplus? 17. If the union and the league negotiate a collective bargaining agreement, what is the wage such that the players get all the surplus? 18. If the union and the league negotiate a collective bargaining agreement, what is the equilibrium wage? 19. If the union and the league negotiate a collective bargaining agreement, what is the total surplus for teams? 20. If the union and the league negotiate a collective bargaining agreement, what is the total surplus for players

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