A CD is not a file, per se. The bits are arranged in what's called the Reed-Solomon Interleave Code. In other words, the bits are scrambled across the CD so that a scratch won't wipe out a chunk of data in one place. This allows for more coherent error correction. A wav file is PCM data in a "wav" container. That is, it has header info that tells the computer what to expect.
That's not a particularly accurate explanation. Nothing is scattered across the disk. That would require random reading of the disk and no CDDA works like that. The data is divided into blocks. Each block contains parity bits sufficient to rebuild the blocks before and after it with an extremely high level of reliability. All blocks are read sequentially. The LAST thing you want to make a single storage medium do is perform random read operations. It's only advantageous in RAID 5 arrays where the data really is scattered across the array and can be optimally read non-sequentially and reconstructed by an intelligent controller, and there's no a CD player in the world that complex.