Which of the Following Statements About Ticket Scalping Is Correct

question 70

Multiple Choice

Which of the following statements about ticket scalping is correct?

• A) On economic grounds, ticket scalping does more harm than good among those who engage in it
• B) Ticket scalping occurs when the event organizers set the formal price of the tickets higher than the equilibrium price
• C) The existence of a scalpers' market could mean that the event sponsors/organizers are getting lower sales revenues that what they could have gotten at equilibrium
• D) Ticket scalping obviously benefits the sellers/scalpers, but is often harmful to the ones buying the tickets

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Definitions:

Excitatory Potential

The likelihood that a specific event will elicit a specific response.

Drive Reduction

A theory of motivation suggesting that behaviors are motivated by the desire to reduce internal states of tension.

Incentive Motivation

The idea that the level of motivation is affected by magnitude of reward: The greater the reward magnitude, the higher the motivation to obtain that reward.