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.
C
Economics
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What factors of production can a firm change in the short run? In the long run?
What will be an ideal response?
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Borrowers can (and sometimes do) default on their loans when
a. the dividend yield on their shares of stock reaches zero. b. they convert their bonds into perpetuities. c. they declare bankruptcy. d. they cannot find enough buyers of their bonds to sell all the bonds they wish to sell.
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