Write down model for competitive balance

Reference no: EM132196713

Question: The handbook chapter on competitive balance discusses a two team model for competitive balance in a sports league. Set up the two team, fixed talent model with two teams (one small market, one large) and label on your graph the winning percentage for each team, marginal revenue, average revenue, price of talent, and payrolls. (Label all curves and axes.) Use the space below to define any abbreviations.

Reference no: EM132196713

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