A major factor behind the exceptionally high salaries of superstars is:
A)a huge market supply, owing to the star status of such individuals.
B)limited demand, which results in a very high equilibrium price.
C)technological advance, which has expanded the market for superstar talent.
D)that stars receive large compensating differentials.

Question

Quizplus · Accepted Answer

Technological advances have significantly expanded the market for superstar talent, allowing their performances, music, movies, etc., to reach a global audience. This increased reach magnifies their earning potential, contributing to their exceptionally high salaries.

A Major Factor Behind the Exceptionally High Salaries of Superstars