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Economics (MindTap Course List)

13th Edition
Roger A. Arnold
ISBN: 9781337617383

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BuyFindarrow_forward

Economics (MindTap Course List)

13th Edition
Roger A. Arnold
ISBN: 9781337617383
Textbook Problem

Sometimes it is argued that, if colleges paid student athletes, the demand for college sports would decline. In other words, the demand for college sports is as high as it is because student athletes are not paid (in the same way that professional athletes are paid). How would the analysis in this application change if we assume the preceding argument to be true?

To determine

The reason for not paying the college athletes.

Explanation

When a college pays the student athletes a wage higher than the full scholarship, then the demand for college athletics would decline in the college due to the higher cost...

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