3 ms·
> artificial scarcity is for things that there could be an unlimited amount of, but that the seller artificially restricts the supply of Since the "unlimited a
by bheadmaster 4y ago
> artificial scarcity is for things that there could be an unlimited amount of, but that the seller artificially restricts the supply of
Since the "unlimited amount of" anything doesn't exist in the real world, replace the "unlimited" with "sufficient", and the concept of artificial scarcity can be applied to scalping again. If scalpers sell tickets at 4x the face value, they don't need to sell them all to make a profit - they only need to sell more than 25%. All the others can go to waste, and scalpers are still profiting.
That's, again, textbook artificial scarcity.