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The gigs of popular bands are often sold out a few hours after tickets are avail- able, and that sometimes mean months before the actual
The gigs of popular bands are often sold out a few hours after tickets are avail-
able, and that sometimes mean months before the actual concert. That raises a
puzzling question: why don't they just increase the price of the tickets? They
could surely sell the tickets at a higher price, and earn more money. Is it that
they do not maximize their profits? Or can we come up with a better explana-
tion?
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