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Satsume Satsume
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6 years ago
In the United States, major league baseball is exempt from antitrust laws.  Before 1975, the baseball team owners agreed to hold an annual draft of amateur baseball players.  Once the players were drafted and signed by a team, they were effectively tied to that team for life.  Before 1975, professional baseball players were paid:
A) less than their marginal revenue product.
B) their marginal revenue product.
C) more than their marginal revenue product.
D) none of the above is necessarily correct.
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Microeconomics

Microeconomics


Edition: 8th
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boransalboransal
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6 years ago
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Satsume Author
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6 years ago
Thanks
rudy.zondo
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Yesterday
Thank you, thank you, thank you!
megan.xo
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2 hours ago
Helped a lot
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