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Alex Rodriguez was the highest played baseball player in 2012, earning about $32 million playing for ...

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Alex Rodriguez was the highest played baseball player in 2012, earning about $32 million playing for ...

Alex Rodriguez was the highest played baseball player in 2012, earning about $32 million playing for the New York Yankees. Explain the economic justification for the owners paying such a high salary; be sure to incorporate the concept of marginal revenue product (MRP) into your answer.

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Economics

Edition: 12^th

Author: Arnold

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