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(42) StubHub is an intermediary that connects those who already own tickets to major events with those who might wish to buy those tickets. For
(42) StubHub is an intermediary that connects those who already own tickets to major events with those who might wish to buy those tickets. For example, StubHub had available for sale several hundred tickets to a December 2019 basketball game between the Miami Heat and the Atlanta Hawks. The prices of these tickets ranged from about $15 to about $500. Most of these prices were higher than their face value and were owned by individuals who apparently did not care to attend the game. Stuanb, of course, eams a fee for its efforts. (a) Are consumers (those who might wish to attend the game} better off or worse off if they decide to utilize StubHub?I What about those who own the tickets and are selling them? Explain. (b) Suppose we are talking about an NBA finals
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