Steve Nash is a highly paid professional basketball player in the National Basketball Association. From the perspective of the whole NBA, Steve Nash's economic rent would be , while from the perspective of his individual team it would be .
A) close to his whole salary; very small
B) zero; close to his whole salary
C) very small; very large
D) zero; impossible to calculate
E) very large; close to his whole salary

Question

Quizplus · Accepted Answer

Steve Nash's economic rent from the perspective of the whole NBA would be very small, as there are many other players who could fill his role. However, from the perspective of his individual team, his economic rent would be close to his whole salary, as he is a key player for them.

Steve Nash Is a Highly Paid Professional Basketball Player in the National