In order for a market to support superstars it must have which of the following characteristics?
AEvery customer must be indifferent to the price they pay, and the seller must be a competitor in the market for the product
BEvery customer must be willing to pay an enormous amount for the product and the product must be a necessity
CIt must be involved in professional athletics
DEvery customer must want the good supplied by the best producer and the technology must exist for the best producer to supply every customer at low cost
Correct answer
D. Every customer must want the good supplied by the best producer and the technology must exist for the best producer to supply every customer at low cost
Explanation
The correct answer is Every customer must want the good supplied by the best producer and the technology must exist for the best producer to supply every customer at low cost.