1. Write a short response of your impressions, thoughts, and/or opinions on the following clip:

https://www.ted.com/talks/yusuf_nurbhai_what_if_we_traded_employees_like_football_players#t-173401

1. Are salary caps good for professional sports? Would you want to have a salary cap in your job? If your answers differ, how do you justify the different answers?

1. Are professional athletes exploited today?

1. Give an economic interpretation of the deadweight loss that accompanies monopsony. What would eliminate this inefficiency?

1. Use supply and demand curves to show how the ATP and the WTA increased the prize money offered on the men's and women's professional tennis tours.