Q1. Consider a researcher who points to the NFL's very generous revenue sharing program, and compares it to socialism. Do you agree with her argument? Why or why not?

Q2. Can a weak an NHL team that is weak from a wins-losses perspective be one of the league's most profitable? How would this be the case?

Q3. An athletic director was once quoted as saying that he felt his school spent too much on athletics but that it could not afford to stop. Use game theory to model his dilemma.

Q4. Suppose the can segment their fans into young fans and senior citizens. Young fans have the demand curve P=240 - 20G (MR=240 - 40G). Senior citizens have the demand curve p = 120-15G (MR=120 - 30G). Assume again that MC=0. What are the equilibrium price and quantity for young fans? What are the equilibrium price and quantity for senior citizens?