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liubo4ka [24]
3 years ago
11

The town of Harmonia gives away all 500 tickets to its annual​ Founder's Day Free ConcertminusinminustheminusPark to local resid

ents. Each​ year, more than 500 people wish to attend the​ concert, so some of the residents who receive the free tickets sell them for as much as​ $75 each. Is a transaction where someone pays a resident​ $75 for a​ "free ticket" economically​ efficient?
Business
1 answer:
Novosadov [1.4K]3 years ago
4 0
sold 500 tickets therefore it is not economically efficient
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