Law, Business, and Society 9th Edition by Tony McAdams

Exercise 45

Gwyneth Paltrow reportedly earned $3.6 million to sing one three-minute song, "This Thing Called Love," in a cameo appearance playing singer Peggy Lee in the movie Infamous, a biographical treatment of the author/celebrity Truman Capote. 14 Has the market failed, or has it worked as it should when an individual is paid $3.6 million for a work product that will total three minutes Explain.