Why can superstar athletes and movie stars earn multimillion dollar salaries but superstar electricians and professors cannot?
A)Every customer in the market wants to enjoy the good supplied by the best producer.
B)Technology makes it possible for the best producer to supply every customer at low cost.
C)Customers are willing to pay more for entertainment than other services.
D)Both a and b are correct.

Question

Quizplus · Accepted Answer

Superstar athletes and movie stars can reach a vast audience due to technology, allowing them to supply their entertainment to millions at a low cost per person, and every customer wants to enjoy the best entertainment available.

Why Can Superstar Athletes and Movie Stars Earn Multimillion Dollar