A winner-takes-all market, like that for entertainers, exhibits huge differences between the top talents and the next tier of artists in all of the following aspects, except
A)marginal revenue product.
B)talent.
C)earnings.
D)media hype.

Question

Quizplus · Accepted Answer

In a winner-takes-all market, the differences in earnings, marginal revenue product, and media hype between the top talents and the next tier can be significant due to the nature of the market. However, the actual talent difference might not be as large, indicating that small differences in talent can lead to huge differences in outcomes.

A Winner-Takes-All Market, Like That for Entertainers, Exhibits Huge Differences