In August 1988, the Los Angeles Kings Hired Wayne Gretzky

Multiple Choice

In August 1988, the Los Angeles Kings hired Wayne Gretzky for $15 million in cash.The hockey team's decision must have been based on the expectation that

A) Gretzky's opportunity cost will exceed $15 million.
B) Gretzky's marginal revenue product will equal or exceed $15 million.
C) the team's total revenue will equal $15 million.
D) Gretzky's marginal revenue product will rise in the long run.