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by mikewebkist
1312 days ago
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If artists and venues used market clearing prices there would also be much less demand for a secondary market. The "problem" Ticketmaster solves is that for someone like Taylor Swift the supply of tickets is VASTLY lower than the demand for tickets. But Taylor, reasonably, doesn't want to be seen selling tickets for thousands of dollars each. Instead you get presales and lotteries and "ticketmaster fees" and a secondary market. |
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