The fact that movie star Brad Pitt's salary is much higher than the salary earnedby a Nobel prize winning economics professor can be explained by the
A) existence of noncompeting labor markets
B) elimination of noncompeting labor markets
C) failure of the market to reward talent fairly
D) fact that wage rates cannot reflect the influence of education in labor markets
E) willingness of some people to accept a lower wage rate in order to do what they like most to do
Correct Answer:
Verified
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