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Suppose there are 32 teams in the NFL who all have the same average revenue curve equal to AR(W) = 50 3W and the same

Suppose there are 32 teams in the NFL who all have the same average revenue curve equal to AR(W) = 50 3W and the same marginal cost curve equal to MC = 20, where W represents the number of expected wins. The maximum number of wins a team can get in a season is Wmax = 16

a) How many expected wins will each profit-maximizing team choose?

b) What are the profits of each profit-maximizing team?

c) How many expected wins will each win-maximizing team choose?

d) What are the profits of each win-maximizing team?

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