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In the text, the authors present evidence that the market for free agents in professional baseball ...

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In the text, the authors present evidence that the market for free agents in professional baseball ...

In the text, the authors present evidence that the market for free agents in professional baseball is subject to the lemons problem. How could a prospective free agent overcome this problem when seeking a new contract?
A) Agree to accept a lower salary with a new team.
B) Rely on standardization to avoid the asymmetric information problem.
C) Decide to negotiate only with their current team.
D) Develop a reputation as a reliable and productive player.

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Microeconomics

Edition: 8^th

Author: Pindyck

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