After you have studied Economics in the News on pp. 462–463, answer the following questions.a. What is the trend in top executive pay?b. How can the idea of a contest among potential top executives explain their high pay?c. How can the idea of a contest among potential top executives explain the trend in their pay?d. If the contest among potential top executives is the correct explanation for their high pay, what would be the effects of a cap on top executive pay?
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