The salary of an athlete like Peyton Manning is in part a reward for his unique ability-something economists call economic rent.

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Economic rent refers to an excess payment made for a resource that is in limited supply and has a unique ability. In the case of Peyton Manning, his exceptional talent and limited number of individuals with such talent make him a valuable resource, and the excess payment he receives in the form of his salary is considered economic rent.

The Salary of an Athlete Like Peyton Manning Is in Part