LABRST 2H03 Chapter Notes - Chapter 6: Demand Curve, Deep Fryer, Quartile
28 Apr 2019
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Big 4 professional athletes paid 3,600 cad: cost for teachers is 200k and we haven"t paid for school bus trips, hydro etc. If 100 million of this customer base gives to the industry, look at how much money the industry makes. People tend to spend more than tho. If people want their ads advertised between games, more revenue created, people wanting jerseys and everyone. $ is distributed among a very small pool of athletes. Sports unions spend a lot of time. Determining the proportion of revenue athletes receive (~50%) has been as low as 40% before. Determining how it is distributed among athletes. If they don"t get the $ the owners do- so rich people or ultra rich. Average mlb player is making more than the best nhl players who have free agency because. More games- more opportunities to make money, bigger stadiums.
