Scarcity - exactly. Say that an artist is holding a concert and 20 thousand seats are available. But she has 50 million fans all over the world. How do you allo

Scarcity - exactly. Say that an artist is holding a concert and 20 thousand seats are available. But she has 50 million fans all over the world. How do you allocate these 20 thousand seats - who will get them? You can either satisfy the highest bidders, the first in line, or a random lottery. But you cannot choose to disappoint no one. Economics is all about making hard choices, and you can't simply wish them away.