How do economists tend to view ticket scalping
A)as a way for a few to profit while producing nothing of value
B)as an inequitable interference in the orderly process of ticket distribution
C)as a way of increasing the efficiency of ticket distribution
D)as an unproductive activity which should be made illegal everywhere

Question

Quizplus · Accepted Answer

Economists tend to view ticket scalping as a way of increasing the efficiency of ticket distribution. This is because ticket scalping helps to match ticket demand with ticket supply. As scalpers buy tickets and resell them at a higher price, they are in effect pricing the tickets more efficiently. This means that those who value the tickets most highly will be the ones who end up with them. In contrast, if ticket prices are fixed, tickets may be allocated to those who value them less highly, resulting in inefficiencies in the market.

How Do Economists Tend to View Ticket Scalping