Asked by
Diego Duarte
on Nov 17, 2024
Verified
Economists argue that restrictions against ticket scalping actually drive up the cost of many tickets.
Ticket Scalping
The practice of buying tickets to an event and reselling them at a higher price, often to profit from high demand and limited supply.
- Understand the impact of market policies, including ticket scalping and price ceilings, on consumer and producer welfare.
Verified Answer
JT
Learning Objectives
- Understand the impact of market policies, including ticket scalping and price ceilings, on consumer and producer welfare.