Why are people able to sell tickets on eBay, StubHub, or similar exchanges at more than face value - many times more in some cases? It's against the law to sell a ticket for any price in person at the venue, even at a discount. How is this possible?
When an event is announced, profiteers buy all of the available tickets and force attendees to pay way too much. This is a classic example of the"free market" failing to serve the common good.
If you want to see a game, a show, or a concert, you have to pay way more than the promoters intended. The athletes and performers don't get the extra money, the scalpers and their enablers do. In the past, these people were considered criminals. When did scalping become a legitimate business strategy?
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