1. What is the relationship between market size and win in North American pro sports? Answer this question using both deductive and inductive analysis. 2. For any given price, how would the following changes impact a team’s revenue? a. Increase in the size of the market b. Building a new stadium c. Decline in the quality of the team’s roster 3. For a typical firm, what is the shape of the marginal cost curve? Why does it have this shape?