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Peregrinus Peregrinus
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6 years ago
A reserve clause binds a professional athlete to a sports franchise even if the player does not have a contract with the team that retains the rights to the player.  In other words, the player can only play for a single team and other teams may not bid for the player's services even in the absence of a contract.  Major League Baseball was forced to outlaw reserve clauses in 1975.  As a result of the ban, we would expect that
A) major league teams would have less incentive to train minor league players.
B) minor league players would be paid more.
C) players in the major leagues would be paid less than their marginal product.
D) players in the major leagues would be paid more than their marginal product.
Textbook 
Modern Labor Economics: Theory and Public Policy

Modern Labor Economics: Theory and Public Policy


Edition: 12th
Authors:
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thanhtanrx789thanhtanrx789
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6 years ago
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Peregrinus Author
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6 years ago
Thanks
Goku935
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Yesterday
Helped a lot
Jadakiss
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This site is awesome
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