Section 8: Review Questions - What is the difference between split-pool revenue sharing and pooled sharing as practiced in both the NFL and MLB? Be sure to define each in your answer.

Section 9: Thought Problems - Describe all of the steps involved in calculating a salary cap. Why is the term salary cap misleading in terms of what the mechanism actually does? What name does the author prefer instead?

Section 10: Advanced Problems - Compare pro sports team quality to, say, the quality of the opera. We don't get upset when larger-revenue markets have higher-quality opera alternatives (indeed, most would agree that it would be a waste if the New York Metropolitan Opera had its home base in a small town). So why do we get so involved with the variation in team quality across the cities in a league?

Part 2: With respect to the previous question, does your answer change if instead of comparing a sports team to "the opera," we said something like "a hospital?" Should only larger markets have top quality, or would it make more sense to the total (in this case, the total healthcare market across the U.S.) to have top talent located in various cities as opposed to having the majority of top talent in only a few larger cities?