6. Metropolitan Opera tickets are the most expensive on Saturday night. There are often a very limited

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6. Metropolitan Opera tickets are the most expensive on Saturday night. There are often a very limited number of “student rush tickets,” with which a lucky student can wind up paying $20 for a $250 seat. The student rush tickets are available first-come, first-served. Why does the opera company offer these low-cost tickets? How does it benefit from this practice? Why are students, and not other groups of customers, offered the discounted tickets?

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Principles Of Microeconomics

ISBN: 9780393679199

3rd Edition

Authors: Dirk Mateer, Lee Coppock

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