Suppose that there are two types of players good and medium


Suppose that there are two types of players, good and medium. the team demand curve for top-quality players is Q = 27 - 5 w , and the market supply of top players is Q = 4w, where w is the wage in millions of dollars. how many top-quality players will the team hire? what will they be paid?

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Econometrics: Suppose that there are two types of players good and medium
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