Using the marginal revenue functions below, calculate and graph the equilibrium winning percentage in this two-team league.
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Question:
Using the marginal revenue functions below, calculate and graph the equilibrium winning percentage in this two-team league. (Values in millions of dollars)
MRa = 100 - 60 Wa
MRb = 50 - 20 Wb
a. How would playoffs, stadium building, luxury taxes, and market power affect
the winning percentages and price per unit of talent?
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