f Flashcards
1
Q
most sports labor markets are a
A
monopsony
2
Q
a market with 1 buyer
A
monopsony
3
Q
the players union is a
A
monopoly
4
Q
two sides negotiate
A
bilaterail monopoly
5
Q
the set of strategies such that neither player has an incentive to deviate
A
nash equilibrium
6
Q
a players marginal revenue is the amount
A
that signing that player will bring in
7
Q
profit maximizing firms set
A
MR = ML
