Author Question: The superstar effect is that A) the supply of superstars is more elastic than that for average ... (Read 874 times)

madam-professor · **on:** Jun 30, 2018

The superstar effect is that
A) the supply of superstars is more elastic than that for average players.
B) the labor market cannot create equilibrium wages for the best players.
C) the demand for a few players is relatively greater than the demand for most other players.
D) none of these choices.

Question 2

The tournament effect
A) may help explain why CEO are highly paid.
B) why most golfers are below average.
C) explains why the behavior of total revenue often patterns lottery sales.
D) may help explain why CEOs are generally viewed as dishonest by the public.