Which of the following could help explain why professional football players have high salaries?
A)There is little social status attached to the occupation.
B)Their marginal revenue products are typically very low.
C)They face a high chance of having their careers cut short.
D)Many college football players want to become professional football players.
E)The labor market is perfectly competitive due to the players' union.

Question

Quizplus · Accepted Answer

Professional football players face a high risk of having their careers cut short due to the physical demands of the sport, which creates a scarcity of top-tier talent. This scarcity drives up the demand for their services and subsequently leads to higher salaries.

Which of the Following Could Help Explain Why Professional Football