1. Is the market for college football coaches competitive? If it is, why don't they all earn the same wage rate? Is the market for Nick Saban competitive? How is his compensation determined?
2. In the years after World War II, the birth rate increased and the so-called baby boom generation was created. That generation is now beginning to retire. Draw a demand-supply graph to illustrate the effects of this increase in the number of seniors on the market for medical services.