Suppose One of Baseball's Most Controversial Records - the Bonds

question 47

Multiple Choice

Suppose one of baseball's most controversial records - the Bonds' 72 home run season - were on the line. Tickets to the games leading up to breaking of the record 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.

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Definitions:

Business Law

A branch of law that deals with the rights, relations, and conduct of individuals and businesses engaged in commerce, merchandising, trade, and sales.

Corporations

Legal entities that are separate from their owners, with the ability to own assets, incur liabilities, and conduct business.

Liable

Legally responsible or obligated.

Preponderance Of The Evidence

The standard of proof in civil cases, requiring that a claim is more likely to be true than not true.