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Ismail Lemghari
on Nov 17, 2024

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Economists generally believe that, although there may be advantages to society from ticket-scalping, the costs to society of this activity outweigh the benefits.

Ticket-Scalping

The act of buying tickets for an event and reselling them at a higher price.

Costs to Society

The total burden that societal behaviors, decisions, or policies place on the welfare of the community, including both direct costs and indirect consequences.

  • Comprehend the effects of market regulations, such as ticket resale and price limits, on the well-being of both consumers and producers.
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CJ
Cortni JacobsNov 17, 2024
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