Why is the compensation arrangement fair, Microeconomics

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Why is the compensation arrangement fair

Problem

The winner of the men's and women's tennis singles at the Canadian Open is paid twice as much as the runner-up, but it takes two players to have a singles final. Is the compensation arrangement fair?

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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