4 ms·
"but people will pay it" is not a proper response to the argument that people are being gouged. For one, scalpers drive up the price beyond what most would con
by chillwaves 10y ago
"but people will pay it" is not a proper response to the argument that people are being gouged. For one, scalpers drive up the price beyond what most would consider a fair market. Secondly, TicketMaster itself allows the resale of tickets on their site. This creates huge opportunities to buy up tickets and resell. But people pay. Yes they do but it the price is not being dictated by true market demand, rather they are being driven up by parasites. The scalpers are creating an unjustified sense of scarcity to feed their bottom line and ticketmaster goes along with it because it's all profit. The 2nd sale on their site is even more free money for TicketMaster.
"but people will pay it" is not a proper response to the argument that people are being gouged. Especially given the monopoly conditions often in place.
- pvg 10y agoI don't know if 'but people will pay for it' is a 'proper' response but it's not one I made.