1. What do the authors credit as the main force transforming college athletics from a cottageindustry to a financial behemoth?2. Give an example of evidence that NCAA sports affect academics beyond those partici-pating in athletics.3. What is the median profit (or loss) for the median NCAA athletic department? Whatdoes that amount to per student in a 20,000 student University?4. How many FBS football programs had an operating surplus in 2013?5. Name and describe the six reasons the authors give that universities may use to justify subsidizing athletic budgets.6. How is the labor market for college athletes different than the typical competitive labor market discussed in principles? How does the NFL and NBA contribute to this marketstructure?7. Employer sponsored health insurance, retirement packages, and other benefits evolved inpart as a way to entice quality employees with non-taxable financial awards. What similarstrategies have been employed by NCAA football programs competing for talent?