Technology is an important factor in explaining the high incomes of superstars because
A) technology accounts for differences in incomes within all occupations.
B) technology makes it possible for the best producer to supply every customer at low cost.
C) technology that can limit access to the superstars is available.
D) only technologically-literate superstars can earn super incomes.

Question

Quizplus · Accepted Answer

Technology makes it possible for superstars to reach a global audience and supply their product or service at a low cost. This allows them to earn high incomes as they can capture a larger market share than their less technologically-advanced competitors.

Technology Is an Important Factor in Explaining the High Incomes