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This means that a local might easily resale tickets for $18 even if they don't think it's worth going to the performance. Even after subtracting
This means that a local might easily resale tickets for $18 even if they don't think it's worth going to the performance. Even after subtracting the $2 cost of transportation, this would result in a ticket price of $138. The profit made throughout this procedure may contribute to an increase in net or social surplus, in accordance with Coasean bargaining theory
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