The Economic Way of Thinking 13th Edition by David Prychitko, Peter Boettke, Paul Heyne

Exercise 16

If people are offering to pay $100 for $10 (face-value) tickets to the Big Game, and someone gives you a ticket, what does it cost you to attend the game? Would you be more likely to attend if someone gave you a ticket than if you had to purchase one for $100? Would you be more likely to attend if someone gave you a ticket than if you had to purchase one that you could buy (through an inside source) for $10?