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Suppose That the CFL Wants to Give the "Common Fan

Question 3

Multiple Choice

Suppose that the CFL wants to give the "common fan" the opportunity to attend the Grey Cup,so it sets Grey Cup prices "low"-let's say that they set ticket prices for a regular seat at the Grey Cup to cost just $100.People who have tickets,however,can turn around and sell them online for $1 000 or more.If there are no transaction costs for fans with tickets to sell them,the true cost to a fan of attending the Grey Cup is:


A) at most $100.
B) at least $1 000.
C) the monetary price paid to obtain the ticket.
D) $900 less than the opportunity cost of a ticket.

Correct Answer:

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