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In 2016, the Los Angeles Lakers paid Kobe Bryant $25 million, the highest salary in the NBA. Bryant was one of the greatest players of
In 2016, the Los Angeles Lakers paid Kobe Bryant $25 million, the highest salary in the NBA. Bryant was one of the greatest players of all time, but 2016 was his final season and by many measures he was a fairly average player at that point. Using the definition and calculation of marginal revenue product, describe why many economists might claim this contract was still worth it for the Lakers.
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