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Both a college student and a well-known attorney want to attend the Dodger game on Friday night. The college student waits in line for hours
Both a college student and a well-known attorney want to attend the Dodger game on Friday night. The college student waits in line for hours to purchase a ticket to the game and pays a low money price. The attorney does not wait in line. Rather than spend hours in line, the attorney purchases his ticket through a ticket broker, paying a much higher money price. Using economic concepts, explain each ticket buyer's action.
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