In an opinion column in the New York Times, advocating increased legal penalties for people who use

Question:

In an opinion column in the New York Times, advocating increased legal penalties for people who use ticket bots, Lin-Manuel Miranda, the star and creator of the musical Hamilton, wrote, “I want the thousands of tickets for shows, concerts and sporting events that are now purchased by bots and resold at higher prices to go into the general market so that you have a chance to get them.”

a. What does he mean by the “general market”?

b. Suppose that ticket bots were eliminated, and theaters were able to enforce a limit of each person being allowed to buy only four tickets. Is it likely that most of the people attending a hit Broadway musical like Hamilton would pay face value for their tickets? Briefly explain.

Face Value
Face value is a financial term used to describe the nominal or dollar value of a security, as stated by its issuer. For stocks, the face value is the original cost of the stock, as listed on the certificate. For bonds, it is the amount paid to the...

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