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  • 06-11-2017
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An economist would explain the huge salaries commanded by entertainers and professional athletes as

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Kalahira
Kalahira Kalahira
  • 15-11-2017
An economist would view this as supply and demand. A very successful entertainer or athlete could command a high salary because there are few people of their talent and there is a high demand from the public to see them perform. Hence, from such a limited pool they could command a higher price than most of their competition.
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