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22 October, 16:23

The economic significance of successful ticket scalping (scalpers sell tickets at higher than official prices) at baseball games is that:

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  1. 22 October, 19:31
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    Scalpers lead to the understanding that there is an overabundance of demand for tickets in comparison to the supply of tickets. With buyers willing to pay a premium for the scalped tickets, this can show that there is the ability for ticket prices to be raised and customers will still purchase them.
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