Kawhis buzzer-beating shot sends Raptors ticket prices soaring Kawhi Leonards buzzer-beating basket against the Philadelphia 76ers was

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Kawhi’s buzzer-beating shot sends Raptors ticket prices soaring Kawhi Leonard’s buzzer-beating basket against the Philadelphia 76ers was very close to a miracle. So is getting a cheap ticket for the Toronto Raptors’ home games in the next round of playoffs. The least expensive ticket in Milwaukee is $87, but it is $245 for Game 3 in Toronto.
Why is the $245 ticket price like ticket scalping? Is the high price an example of the market price method of allocating scarce resources? Is the market for tickets efficient? Is it fair?

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Foundations Of Economics

ISBN: 9780135897478

9th Edition

Authors: Robin Bade, Michael Parkin

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