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Suppose the ticket prices for next year's Super Bowl were announced a year ahead at a range from $1,000 to $25,000, with rates in between
Suppose the ticket prices for next year's Super Bowl were announced a year ahead at a range from $1,000 to $25,000, with rates in between for all categories of seats for the stadium. Without any prior information regarding what teams will play, briefly explain why these price ranges do not reflect the true market price of Super Bowl tickets. Do you expect to see the actual market prices to be much higher, lower, or exactly the same? Why?
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