Do you really believe that the job market for artists satisfies all of the underlying assumptions of the economic model you are using? http://en.wikipedia.org/

Do you really believe that the job market for artists satisfies all of the underlying assumptions of the economic model you are using? http://en.wikipedia.org/wiki/Perfect_competition#Basic_structural_characteristics http://en.wikipedia.org/wiki/Perfect_competition#Basic_struc... Infinite buyers and sellers (infinite patrons)? Homogenous products (all artists are fungible)? No barriers to entry and exit (anyone can stop what they are doing and become an artist, tomorrow)? Two semesters of undergraduate economics can make you very confident in things that are utterly wrong, if you're not careful.