Recall the Application about the salaries paid in Major League Baseball to answer the following question(s). Some Major League Baseball players are free agents, meaning they are free to negotiate a contract with any team. Other players are journeymen and apprentices, who are restricted to a single team.
-Recall the Application. On average, apprentices in Major League Baseball tend to be paid a salary ________ their marginal revenue product.

Question

Quizplus · Accepted Answer

Journeymen and apprentices are restricted to a single team, which reduces their bargaining power and ability to negotiate higher salaries. Therefore, their salaries tend to be significantly lower than their marginal revenue product.

Recall the Application About the Salaries Paid in Major League