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It is common to hear comments like: Why do baseball players earn millions of dollars a year for their negligible contribution to society while major
It is common to hear comments like: "Why do baseball players earn millions of dollars a year for their negligible contribution to society while major contributors-such as schoolteachers, police officers, firefighters, and ambulance drivers-earn barely enough to survive?" Offer an answer based on your knowledge of factor market. O A. Players earn millions of dollars since they have strong labour union that negotiates collective bargaining agreement with the team owners. OB. Wages of schoolteachers, police officers, firefighters, and ambulance drivers are paid by the government, which always tries to cut its spending. O C. The talents required to play major league baseball are very scarce, and the marginal revenue product is high. O D. Rich players pay a lot of taxes, so that their real income is comparable to schoolteachers' income
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