Which of the following facts indicate that the official wage paid by the National Collegiate Athletic Association [NCAA] to the athletes is below the market-clearing level?
A)Athletes practicing for greater number of hours before the seasonal tournaments
B)Schools awarding more athletic scholarships to the students
C)Athletes receiving cars,apartments,and cash payments
D)Athletes receiving offers for promotional advertisement campaigns

Question

Quizplus · Accepted Answer

When athletes are receiving additional benefits such as cars, apartments, and cash payments, it indicates that their official wage is not sufficient to meet their needs and expenses. These benefits are given to them to compensate for the low official pay, which is below the market-clearing level.

Which of the Following Facts Indicate That the Official Wage