Examlex
Before starring as Tony Stark in Iron Man, Robert Downey Jr. had played in 45 movies that had average first-weekend box office revenues of a bit less than $5 million. Iron Man grossed $102 million in its first weekend. The success of Iron Man ________ the opportunity cost of hiring Robert Downey Jr. Movie producers now have ________ incentive to hire Robert Downey Jr.
Wage Differential
The variation in wages received by individuals due to differences in job characteristics, location, industry, or within the same organization.
Discrimination
Unfair or prejudicial treatment of individuals or groups based on characteristics such as race, gender, age, or sexual orientation.
Competitive Labor Market
A market where numerous buyers and sellers interact to determine the price and quantity of labor, ensuring no single entity can dictate the market terms.
Wage Discrimination
The practice of paying different wages to workers who perform similar tasks, based on non-performance-related factors such as race, gender, religion, or nationality.
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