emperical evidence suggests that historically salaries for most professional baseball players are...?

Question

a. too high, given their contribution to the team
b. are too high for hitters, but too low for pitchers.
c. were often lower than their marginal revenue products due to monopsony power of the professional teams.
d. were lowered by the adoption of the free agent rule, which replaced the "reserve clause."

Answer 1

c. were often lower than their marginal revenue products due to monopsony power of the professional teams.


Keeping in mind this is historically when a monopsony was in place - once that was gone, salaries skyrocketed.

Answer 2

c. prior to free agency.

Now fair for what the market will bear. Although ridiculous by other standard.