The substantive economic difference between ticket scalping and ticket brokering is that
A. there is no substantive economic difference.
B. scalping is immoral and brokering is not.
C. brokering is more efficient.
D. scalping is more efficient.
Answer: A
You might also like to view...
Crisps and Smith's are the only two bakeries that sell cookies in a small community. Crisps sells butter cookies while Smith's sells chocolate cookies
Which of the following will happen if Smith's lowers its price for cookies slightly below Crisps's price? A) Crisps will lose all its customers to Smith's. B) Smith's will lose all its customers to Crisps. C) Crisps will face a lower demand for its cookies. D) Smith's will face a lower demand for its cookies.
Which of the following is a merit good in the United States?
a. public housing b. chess c. seat belts d. defense e. bread
When will an individual's indifference curves be identical with the iso-expected value lines?
a. Never. b. When the individual is risk averse. c. When the individual is risk neutral. d. When the individual is risk preferring.
A nonbinding price ceiling (i) causes a surplus. (ii) causes a shortage. (iii) is set at a price above the equilibrium price. (iv) is set at a price below the equilibrium price
a. (i) only b. (iii) only c. (i) and (iii) only d. (ii) and (iv) only