Question: Use a labor supply and demand graph to explain why college football coaches could be paid more than really good Economics instructors, even when demand

Use a labor supply and demand graph to explain why college football coaches could be paid more than really good Economics instructors, even when demand for really good economics instructors is higher.

Use a graph of a monopsony in the labor market and a monopoly in the labor market to show the range of possible salaries when a league and players union are at odds.

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