In some markets a few top performers receive a disproportionate share of the rewards. Frank and Cook call this phenomenon
A) capitalism.
B) inevitable.
C) liberalism.
D) socialism.
E) the winner-take-all effect.

Question

Quizplus · Accepted Answer

The phrase "winner-take-all effect" is specifically used to describe the situation where only a few top performers receive a disproportionate share of rewards in a particular market. This term is commonly used in economics to explain why some markets are heavily concentrated among a few dominant companies or individuals. Therefore, option E is the most appropriate choice.

In Some Markets a Few Top Performers Receive a Disproportionate