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September 30, 2014

Homework Help: Economics - anyone have any thoughts on this?

Posted by Tasha on Sunday, March 13, 2011 at 8:42pm.

A)Who has more monopoly power---Wal-Mart or the concessionaire who has acquired the franchise to sell beer, hot dogs, colas, candy, etc., at a Washington Redskins football game? Explain.

B)Who has more monopsony power---Wal-Mart or teams in the National Football League (NFL) that are negotiating with players from college football teams that the teams just have drafted?

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