In a market economy, the high salaries of some star hockey players such as Jarome Iginla, are determined by

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Quizplus · Accepted Answer

In a market economy, prices are determined by the interaction of demand and supply. In the case of high salaries for star hockey players, the demand from fans and team owners for talented players increases the price of their services. Additionally, the limited supply of players who have exceptional skills also plays a role in determining their high salaries. Therefore, the interaction of demand for star athletes and the supply of star athletes determines their high salaries. The other options listed are not accurate, as team owners may influence salaries but do not determine them entirely, and advertising companies and consumers have indirect effects on player salaries.

In a Market Economy, the High Salaries of Some Star