Multiple Choice
Suppose the NFL wants to give the "common fan" the opportunity to attend the Super Bowl,so it sets Super Bowl prices "low"-let's say they set ticket prices for a regular seat at Super Bowl LI to cost just $400.People who have tickets,however,can turn around and sell them online for $1,500 or more.If there are no transaction costs for fans with tickets to sell them,the true cost to a fan of attending Super Bowl LI is:
A) at most $400.
B) at least $1,500.
C) the monetary price paid to obtain the ticket.
D) $1,100 less than the opportunity cost of a ticket.
Correct Answer:
Verified
Correct Answer:
Verified
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