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#2 Why do many economists believe that free agency has not affected competitive balance?

#2 Why do many economists believe that free agency has not affected competitive balance?

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Many economists believe that free agency has not affected competitive balance because they believe that market directs resources to the most productive use. Free agency allows a player to go to the team that offers the best employment terms. Property rights don't affect the flow of resources they only affect who gets paid for them.Free agency has not affected competitive balance due to invariance principles, most talented players always want to go where their talents are best used.

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