Suppose the supply of players is given by the equation w = 50,000 + 10,000L where wis wages, L is the number of players The demand for players is given by the Marginal Revenue Product: MRP = 500,000 - 20,00OL The Marginal Factor Cost to the club is : MFC = $50,000 + 25,000L We know that NFL labor market is a monopsony. Under a monopsony, what is the equilibrium number of players employed? Question 10 2 pts Suppose the supply of players is given by the equation w = 50,000 + 10,00OL where w is wages, L is the number of players The demand for players is given by the Marginal Revenue Product: MRP = 500,000 - 20,000L The Marginal Factor Cost to the club is MFC = $50,000 + 25,00OL Under a monopsony, what is the equilibrium wage of a player? (Hint: Plug the number of players into the wage equation)