The owners of sports franchises often complain that free-agency (open bidding for player services) threatens their profitability and thus their long-run viability. Given your knowledge of perfect competition, which of the following is correct?
A) Team owners might be correct in as much as free-agency bids up the price of players so that economic profits from those players equal zero.
B) Team owners might be correct in as much as free-agency bids up the price of players so that economic profits from those players is negative.
C) Team owners are lying, as free-agent salaries are still much too low.
D) Team owners are telling the truth, as free-agent salaries are much too high.
A
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A "registration statement" is drawn up in the process of
A) preparing a private placement. B) requesting the waiving of a restrictive covenant. C) underwriting publicly-sold securities. D) listing the collateral on a loan.
One of the most important reasons for England's reasserting its authority over the colonial United States prior to the Revolution is
a. England's commitment to mercantilism. b. the end of the Seven Years War. c. the end of the English Revolution. d. the fall of Spain as a world power.