Solved

Superstars in Sports or Entertainment Presumably Would Be Willing to Continue

Question 45

Multiple Choice

Superstars in sports or entertainment presumably would be willing to continue working in their specific areas for lower income than they are currently earning. This implies that


A) the large salaries serve no allocative function and only serve to make the superstars richer.
B) superstars are exploiting their fans by receiving such a large salary.
C) superstars do not respond to monetary incentives.
D) the high salaries are used to allocate their time but fail to bring in new sources of supply (other superstars) that are exactly like themselves.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents