Season ticket holders often purchase their tickets before a season begins. There is often a discount associated with season tickets. Why?
A) Buying season tickets entails risk, which consumers are willing to bear if they are compensated for doing so.
B) Buying season tickets is a way of guaranteeing a supply of tickets for the secondary market.
C) Selling season tickets entails greater transactions costs which team owners hope to avoid.
D) Sports teams are local monopolies.
A
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If the equilibrium level of income is solely a function of aggregate supply, then the aggregate supply curve must be in the Keynesian region
a. True b. False Indicate whether the statement is true or false
It will be difficult to find a solution to the problems caused by greenhouse gas emissions because:
A. an international political organization would be necessary to enforce a solution. B. the technology to reduce greenhouse gas emissions is undeveloped. C. the scientific evidence on the negative effects of greenhouse gas emissions is weak. D. voters are not aware of the problems caused by greenhouse gas emissions.