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levacccp [35]
3 years ago
14

When excess demand exists for tickets to a major sporting event or a​ concert, profit opportunities exist for scalpers?

Business
1 answer:
allochka39001 [22]3 years ago
8 0
Here is the answer. When excess demand exists for tickets to a major sporting event or a​ concert, profit opportunities exist for scalpers because they do work efficiently because they allow ticket prices, especially those in high demand to reach an equilibrium by supplying those who want a ticket at market price allowing them to get one, and by allowing those with utilities below the market price to <span>sell them. With their help, no tickets would be gone to waste. Hope this answers your question.</span>
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