Holding all else constant, when teams face a binding roster limit, the salary of players is...
Holding all else constant, when teams face a binding roster limit, the salary of players is predicted by the model of labor supply and demand to:
be above the unconstrained equilibrium level.
be below the unconstrained equilibrium level.
equal the unconstrained equilibrium level.
equal to the unconstrained equilibrium level plus the discrimination coefficient.
Homework Answers
If the roster limit increased, then the supply of players actually get to decrease and at the same amount of capital, you have to pay less players than before and with this, the equilibrium salary gets to increase on the whole.
Therefore (a) be above the unconstrained equilibrium level is the answer.
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