Earnings of athletes
Problem: Do you think an athlete, having no formal education or no apparent skills training, should earn $1 million plus annually for athletics?
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Do you think an athlete, having no formal education or no apparent skills training, should earn $1 million plus annually for athletics?
Assume the following data for a country: total population, 500; population under 16 years of age are institutionalized, 120; not in labor force, 150; unemployed, 23, part-time workers looking for full time jobs, 10. What is the size of the labor f
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What do you consider to be the biggest current market failure in the U.S. economy? Why? How should the failure be addressed? Consider costs and benefits.
Question 1: Is MTA a monopolist in New York City? Do you think MTA possesses a high degree of market power?
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