Business, 17.09.2019 20:00 yayrocks2395

At ultrinsic, students pay a small entry fee to compete in grades-based contests for cash prizes. suppose that 15 students from your economics class each pay $10 to enter a grades-based contest. this would create a $150 prize pool. an equal share of the $150 pot is awarded at the end of the term to each contestant who earns an a in the course. if four students earn a’s, each receives $38. if only one student earns an a, that person gets the entire $150 pot. what economic concept does ultrinsic use to encourage participants to learn more and get better grades

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At ultrinsic, students pay a small entry fee to compete in grades-based contests for cash prizes. su...