This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: In professional golf, a tournament winner might win, say, 1 million, whereas second place wins only ... (Read 40 times)

karateprodigy

  • Hero Member
  • *****
  • Posts: 550
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
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Eazy416

  • Sr. Member
  • ****
  • Posts: 360
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.
Answer Preview
Only 56% of students answer this correctly


karateprodigy

  • Member
  • Posts: 550
Reply 2 on: Jul 1, 2018
Gracias!

amit

  • Member
  • Posts: 364
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

The first oncogene was discovered in 1970 and was termed SRC (pronounced "SARK").

Did you know?

If you use artificial sweeteners, such as cyclamates, your eyes may be more sensitive to light. Other factors that will make your eyes more sensitive to light include use of antibiotics, oral contraceptives, hypertension medications, diuretics, and antidiabetic medications.

Did you know?

Common abbreviations that cause medication errors include U (unit), mg (milligram), QD (every day), SC (subcutaneous), TIW (three times per week), D/C (discharge or discontinue), HS (at bedtime or "hours of sleep"), cc (cubic centimeters), and AU (each ear).

Did you know?

The first successful kidney transplant was performed in 1954 and occurred in Boston. A kidney from an identical twin was transplanted into his dying brother's body and was not rejected because it did not appear foreign to his body.

Did you know?

The modern decimal position system was the invention of the Hindus (around 800 AD), involving the placing of numerals to indicate their value (units, tens, hundreds, and so on).

The process of placing a stent in a blood vessel. (A) A catheter is used to place a collapsed stent The process of placing a stent in a blood vessel. (A) A catheter is used to place a collapsed stent
Place Value Board Place Value Board
Professional association conventions provide opportunities for networking with other massage ... Professional association conventions provide opportunities for networking with other massage ...
Pin the skin and subcutaneous fascia on a spot on the back using the thumb of one hand; place the ... Pin the skin and subcutaneous fascia on a spot on the back using the thumb of one hand; place the ...
Wavelike neck mobilization. Place the hands palms up at the base of the neck, one on either side of ... Wavelike neck mobilization. Place the hands palms up at the base of the neck, one on either side of ...
Apply L stroke on terminus. Place your index and middle fingers on the left and right terminus; ... Apply L stroke on terminus. Place your index and middle fingers on the left and right terminus; ...
Video: Neurosynapse Animation

For a complete list of videos, visit our video library