Multiple Choice
If a major league baseball player would be willing to work for $700,000 per year and is currently being paid $1,200,000 per year, that player is earning an annual economic rent of
A) $700,000.
B) $1,900,000.
C) $1,200,000.
D) $500,000.
Correct Answer:
Verified
Correct Answer:
Verified
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