Eco 100 week 2 dq 1 supply, demand & equilibrium

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Published on March 20, 2014

Author: CoastalMoa46

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ECO 100 Week 2 DQ 1 Supply, Demand And Equilibrium (UOP Course)
ECO 100 Week 1 Essay Answer question #4 from chapter 1, page 24 of the text (UOP Course)
ECO 100 Week 1 DQ 2 Self Interest (UOP Course)
ECO 100 Week 1 DQ 1 Marginal Cost & Marginal Benefit (UOP Course)
ECO 100 Entire Course
ECO 100 Week 2 DQ 2 Private Property (UOP Course)
ECO 100 Week 3 DQ 1 Coprporations (UOP Course)
ECO 100 Week 3 DQ 2 Oligopolies (UOP Course)
ECO 100 Week 4 DQ 1 Unemployment Rates and Human Capital (UOP Course)
ECO 100 Week 4 DQ 2 GDP and Recession (UOP Course)
ECO 100 Week 5 DQ 1 Basic Functions of Money (UOP Course)
ECO 100 Week 5 DQ 2 Central Bank System (UOP Course)
ECO 100 Week 2 Essay Answer question #4 on Chapter 4, page 100 of the text (UOP Course)
ECO 100 Week 3 Essay Answer question #1 on chapter 8, page 201 of the text (UOP Course)
ECO 100 Week 4 Essay Answer question 5 on chapter 11, page 278 of the text (UOP Course)

Professional Sport players generally are paid much more than farmers, factory workers, engineers, and teachers. The markets for the professional sports players, farmers, factory workers, engineers and teachers are generally competitive markets. Even among professional sport players, the salaries for players in some sports are generally significantly higher than the salary in some other sports. How does this make sense using supply and demand in a market in equilibrium?

Fully explain your reasoning in at least 200 words. Respond to at least two of your fellow students' postings.

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