Determine the players increasing salaries

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Reference no: EM133213137

Assignment:

There are 2 factors in a perfect competitive market that determines the player's increasing salaries. The first factor is the increase in marginal product which means the more the player improve and contribute to the team. the higher the salary hefshe will receive in their next contract. The second factor is dependent on the demand for the sport. According to Santo and Mildner (2010), there is a tendency for athletes to be paid under MRP.

Reference no: EM133213137

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