David Beckham earns more than the Queen.

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Highest paid media and music stars

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Questions:

1. Why is David Beckham the highest paid U.K. footballer?
2. Is the market for football players in the United Kingdom an efficient market? Why or why not?
3. Is David Beckham’s income predominantly economic rent or predominantly opportunity cost?
4. Why do some people such as those listed in the article earn incomes that are so much higher than the average person in the United Kingdom?

Chapters: 24

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