Multiple Choice
An application in the textbook suggests economic explanation for the demise of superstars in professional sports, people like Ted Williams and Babe Ruth in baseball and the Wayne Gretzky and Bobby Orr in hockey. What is the economic explanation for this?
A) specialization and division of labor
B) increasing demand for professional sports
C) testing for performance- enhancing drugs
D) a general reversion to the mean
Correct Answer:
Verified
Correct Answer:
Verified
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