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Author Question: In professional golf, a tournament winner might win, say, 1 million, whereas second place wins only ... (Read 80 times)

karateprodigy

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on: Jul 1, 2018
In professional golf, a tournament winner might win, say, 1 million, whereas second place wins only 600,000. Why might golf have a 40 reduction in prize money from first and second place?
 
  A) To ensure that there is enough money to pay those who finish near last.
  B) To motivate golfers to take risks they might not otherwise take.
  C) To motivate golfers to not take risks they might otherwise take.
  D) The Professional Golfers Association is a cartel.

Question 2

Many professional sports athletes have incentive clauses in their contracts. These indicate that
 
  A) the team owner has asymmetric information.
  B) the athlete might engage in moral hazard, which the team owner wishes to avoid.
  C) the athlete might engage in adverse selection, which the team owner wishes to avoid.
  D) the athlete has stronger negotiators.
Microeconomics ¦ Perloff ¦ 8th Edition
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Eazy416

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Reply #1 on: Jul 1, 2018
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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karateprodigy

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Reply 2 on: Jul 1, 2018
Great answer, keep it coming :)

Chelseyj.hasty

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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