High-demand sporting or concert events have encountered an expensive, often illegal, form of pricing where tickets are resold at a much higher price than what it was originally bought for. This practice is called ticket scalping. True or false?

Question

Business

Madelyn Jarvis

13 October, 17:48

High-demand sporting or concert events have encountered an expensive, often illegal, form of pricing where tickets are resold at a much higher price than what it was originally bought for. This practice is called ticket scalping. True or false?

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Answers (1)

Know the Answer?

Nathalia Henderson · Answer 1

True

Explanation:

Ticket scalping is an act where an entity or individual sells already bought tickets, at a higher or lower price than the original one, taking into consideration the demand.

Nowadays, ticket scalping is associated with selling at a higher price. This practice is common with limited edition goods also. It is illegal when it is in correlation with automated bots that perform attack on the ticket seller's website, in order to gain early bird access.