Ticket scalping leads to a reduction in economic efficiency and therefore to a reduction in economic wellbeing.

Question

Quizplus · Accepted Answer

Ticket scalping can actually increase economic efficiency by allowing tickets to be redistributed to those who value them the most, potentially leading to an increase in overall economic wellbeing. Scalpers help in reallocating tickets from those who value them less to those who value them more, which can be seen as a form of market efficiency.

Ticket Scalping Leads to a Reduction in Economic Efficiency and Therefore