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Narrative 12-1
Although the advent of professional women's sporting leagues have led to dramatic increases in opportunities for women in sports at high school,collegiate,and professional levels,significant discrepancies still exist between men's and women's sports. For example,women receive less media coverage,promotion,and institutional support.
-Refer to Narrative 12-1. According to equity theory,what do female athletes likely feel about the outcomes for male athletes?
Optimal Quantity
The quantity that maximizes a firm or individual's net benefit, often determined through cost-benefit analysis.
Marginal Cost
The rise in expense associated with the production of an extra unit of a product or service.
Negative Externalities
The cost that affects a party who did not choose to incur that cost, often associated with production or consumption of goods and services, such as pollution.
Underallocated
Refers to a situation where resources are not enough or not effectively distributed for the production of goods and services, leading to inefficiencies.
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