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Question no. 24782

Which professional is most capable of achieving superstar earnings ?

Select your answer for: Which professional is most capable of achieving superstar earnings ?
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Answer: B. the best writer

Explanation

Top writers operate in markets with low marginal costs of reproduction and wide reach. Global digital distribution enables successful writers to capture superstar earnings globally. Small quality differences at the top translate into massive earnings disparities in media markets. Superstar economics explains how network effects concentrate earnings in top performers. Digital technologies allow a single creative work to be sold millions of times cheaply. Professors and doctors face geographical time constraints that limit market scale.

Entertainment and publishing industries generate massive superstar winner-take-all rewards. Globalized communication networks amplify the reach of elite artists and authors. Local service providers cannot easily scale their time to serve a global market. The best professor faces institutional time constraints limiting global market scale. The best accountant operates in localized markets with limited global superstar reach. The best medical doctor provides face-to-face services restricting mass audience scalability.

Subject
Economics
Category
Economics
Topic
—
Difficulty
medium

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