Suppose that each team in a league has a demand curve for generic advertising (a league-wide, non-team-specific
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Suppose that each team in a league has a demand curve for generic advertising
(a league-wide, non-team-specific campaign) equal to Q = 1,000 — 5p. If there are 20 teams in the league, and ads cost $175 each, how many ads will the teams want to purchase as a group?
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