Since the face value of a ticket is set well before the event, any increase in the demand for a ticket will 
Figure 34.5
A. certainly decrease the number of tickets that people will want to sell to scalpers.
B. increase the scalper's price of tickets.
C. certainly increase the number of tickets that people will want to sell to scalpers.
D. increase the number of tickets generally available.
Answer: B
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Transaction costs are the costs incurred by individuals dealing with one another. ?
Answer the following statement true (T) or false (F)
Securitization is
A) the process of combining many different debt instruments like home mortgages into a pool of hundreds of thousands of individual contracts and then selling new financial instruments. B) the process of securing loans at the bank. C) the process of combining assets and debt into a pool of individual contracts and then selling new financial instruments. D) the process that FDIC uses to insure.
A consumer increases their consumption from 2 to 4 units of a product.. As it does its total utility rises from 10 to 16 utils. The consumers marginal utility is:
a) 6 utils. b) 2 utils. c) 3 utils. d) 4 utils.
What are the major features of monopolistic competition compared to pure competition and pure monopoly?
What will be an ideal response?