If Scalpers Were to Charge Only Face Value for Tickets

question 35

Multiple Choice

If scalpers were to charge only face value for tickets to a sold-out event, there would be

• A)a scalped ticket available for every seat in the stadium.
• B)a higher price in the market for scalped tickets than the equilibrium price.
• C)a price in the market for scalped tickets equal to the equilibrium price.
• D)a lower price in the market for scalped tickets than the equilibrium price.

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Definitions:

Conflict Antecedents

Factors or conditions that precede and contribute to the emergence or escalation of conflict between individuals or groups.

Accommodation

The cognitive process of adjusting existing cognitive schemas, perceptions, or understanding to incorporate new information.

Cooperative

Willingness to work jointly with others towards a common goal, often characterized by mutual help and teamwork.

Unassertive

Characterized by a lack of assertiveness; often relating to someone who is hesitant to express their opinions or needs assertively.