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One In the News article in the text titled "The Real March Madness: Ticket Prices " described how professional scalpers use the Internet to sell hard-to-get tickets to concerts and sporting events.When scalpers resell tickets at prices closer to equilibrium,
Cost Method
A valuation approach in accounting that assigns the initial purchase price to inventories or investments.
Treasury Stock
Shares of a company's own stock that it has reacquired from shareholders, but not retired, and are available for reissuance or other corporate uses.
Reacquire
The act of obtaining back or regaining ownership of securities or assets previously sold or issued.
Perpetual Life
The concept that a corporation continues to exist indefinitely unless it is legally dissolved, regardless of changes in ownership or management.
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