The economic theory of labor markets leads to the conclusion that professional athletes who are paid tens of thousands of dollars per appearance must be paid more than their marginal revenue product.

Question

The economic theory of labor markets leads to the conclusion that professional athletes who are paid tens of thousands of dollars per appearance must be paid more than their marginal revenue product.
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Quizplus · Accepted Answer

The economic theory of labor markets suggests that professional athletes are typically paid in line with their marginal revenue product, which is the additional revenue generated by their performance.

The Economic Theory of Labor Markets Leads to the Conclusion