What is the name of the model that best explains why an actor in a nationally broadcast television program earns so much more than an actor who is equally talented and productive but who performs in a local play?

Question

Quizplus · Accepted Answer

The winner-take-all model suggests that in certain industries or professions, a small number of individuals are able to capture a large share of rewards due to their exceptional talents or skills. In the case of actors, those who are skilled and lucky enough to make it to nationally broadcast television are able to capture a larger share of the rewards than those who perform in local plays, as the national audience allows them to command much higher salaries.

What Is the Name of the Model That Best Explains