Please giys help me, I need to pass it

Factors markets:

A factor market is a market in which companies buy the factors of production or the resources they need to produce their goods and services. Anything used in making a finished product—labor, raw materials, capital, and land—make up a factor market.

The superstar Phenomenon:

The 'Superstar Phenomenon' explains how a celebrity like a singer or an athlete can earn exceptionally high incomes.

The labor market:

The labor market is in equilibrium when supply equals demand; E* workers are employed at a wage of w*. In equilibrium, all persons who are looking for work at the going wage can find a job. ... A competitive market maximizes the gains from trade, or the sum P + Q.

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answertaxable income;