At State College, where football has long reigned as king and fans are near fanatical in their

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At State College, where football has long reigned as king and fans are near fanatical in their attendance, the frenzy for football tickets has recently reached an all-time high. With requests for home game tickets at an unprecedented level, prices on everything from parking passes to hotel rooms to home rentals have soared beyond belief. Parking passes were going for $500 on eBay, and hotel rates have doubled—and in some cases nearly tripled—reaching as high as $650 per night at some hotels.

1. What are the moral or ethical issues in charging what people will pay for rooms and tickets to attend a State College football game?

2. Why not let the economic forces of supply and demand determine prices in our capitalistic system?

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Related Book For  answer-question

Advanced Accounting

ISBN: 978-1119373209

7th edition

Authors: Debra C. Jeter, Paul K. Chaney

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