What Did Evidence from a 1988 Study of the Market

question 90

Multiple Choice

What did evidence from a 1988 study of the market for professional basketball players reveal

• A)There was no evidence of consumer-driven wage discrimination.
• B)There was some evidence of consumer-driven wage discrimination.
• C)Measurement of marginal productivity was very difficult for basketball players.
• D)Sports with strong player associations are unlikely to experience wage discrimination.

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Definitions:

Z-scores

Standardized scores that indicate how many standard deviations an element is from the mean.

P-values

A statistical measure that helps scientists determine the significance of their research results, indicating the probability of observing results at least as extreme as those measured when the null hypothesis of a study is true.

Home Team Advantage

The phenomenon where the home team in a sporting event has significant advantages over the visiting team, often due to familiarity with the playing field, support from local fans, and not having to travel.

College Basketball

An organized sport involving basketball teams from colleges and universities, often as part of a competitive league or association.