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Suppose that Valencia, currently a privately-owned but struggling football team in the Spanish La Liga, were to become member-owned. Using the two-team league model (but

Suppose that Valencia, currently a privately-owned but struggling football team in the Spanish La Liga, were to become member-owned. Using the two-team league model (but without including any diagrams in your answer), describe and explain what you would predict would happen to the distribution of talent and the unit cost of talent following the change of ownership.

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