Question

According to Brynjolfsson and McAfee (2014), in winer-take-all markets, the compensation (e.g., revenues) is mainly determined by _______________. RELAtive performance absolute performance complete performance quick performance

Answer 1

Answer: The correct answer is "relative perfomance".

Explanation: According to Brynjolfsson and McAfee (2014), in winer-take-all markets, the compensation (e.g., revenues) is mainly determined by relative perfomance.

A type of market in which the winner takes everything clearly implies that the best competitors are those who take a large proportion of rewards while the worst little or nothing. To say that it is determined by their relative performance, refers to the subjects receiving rewards based on their performance in relation to the other competitors.