(Consider This) Ticket scalping:

A. imposes economic losses on both buyers and sellers.
B. creates economic gains for both buyers and sellers.
C. imposes losses on buyers but creates gains for sellers.
D. imposes losses on sellers but creates gains for buyers.

Answer: B

Economics

You might also like to view...

Which of the following is included in government purchases? a. Government purchases of investment goods. b. Transfer payments

c. Government spending on services. d. both (a) and (c)

Economics

When regulating a firm, setting price equal to marginal cost does not necessarily require providing a subsidy if

a. it always requires providing a subsidy b. ATC is always falling c. MC is always falling d. variable costs are covered e. ATC is U-shaped

Economics