Winner-take-all markets explainA) why no one ever remembers who came in second.B) why top paid corporate executives,professional athletes,and entertainers earn such high salaries.C) why nominal wages are always higher than real wages.D) why real wages are tied to productivity.

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Ashleigh Young · Accepted Answer

Final Answer : B, Explanation :  Winner-take-all markets refer to industries or professions where only the top performers command a significant share of the rewards. In such markets, there is intense competition, and a small number of top performers capture the lion's share of the rewards. This explains why top-paid corporate executives, professional athletes, and entertainers earn such high salaries, as they are the best in their respective fields, and competition drives up their pay.

Winner-take-all markets explain

A) why no one ever remembers who came in second.
B) why top paid corporate executives,professional athletes,and entertainers earn such high salaries.
C) why nominal wages are always higher than real wages.
D) why real wages are tied to productivity.

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