Suppose one of baseball's most enduring records - the Dimaggio 56 game hit streak - were on the line. Tickets to the 57th game might command three times the face-value price for tickets. Economists would suggest that a scalping market would appear and it
A) would make all ticket holders and potential buys worse off.
B) would make all ticket holders and potential buys better off (or at least no worse off) .
C) cause the price to fall below the face value.
D) cause the price to fall back to the face value.
Correct Answer:
Verified
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