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Analyze the manager''s reasoning by using economic theory

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Reference no: EM132340371

Question

The manager of a major league baseball team argues, "Even if I thought Player X was washed up, I couldn't get rid of him. He's in the third year of a four year, $24-million deal. Our team is in no position financially to eat the rest of his contract."

Analyze the manager's reasoning by using economic theory.

Reference no: EM132340371

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