2. Most scalping laws make it illegal to sellbut not to buy tickets at prices above those...

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2. Most scalping laws make it illegal to sell—but not to buy—

tickets at prices above those printed on the tickets. Assuming that is the case, use supply and demand analysis to explain why the equilibrium ticket price in an illegal secondary market tends to be higher than in a legal secondary market. LO3.7

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Muhammad Salman Alvi

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