2.3 [Related to the Economics in Practice on p. 246] In 2018, Cristiano Ronaldo signed a four-year...

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2.3 [Related to the Economics in Practice on p. 246] In 2018, Cristiano Ronaldo signed a four-year contract with Juventus, moving from Real Madrid, for €100 million. How would you explain paying €100 million for one football player given that the average worth of one Juventus squad player in 2018 was €19.18 million according to goal.com? Sources: “Ronaldo Signs for Juventus from Real Madrid,” Reuters, July 10, 2018; and “How Much Did Juventus and Real Madrid’s Squads Cost to Put Together?” goal.com, 2018.

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Principles Of Microeconomics

ISBN: 9780691150093

13th Global Edition

Authors: Karl E. Case, Ray C. Fair, Sharon E. Oster

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