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Season ticket holders often purchase their tickets before a season begins. There is often a discount ...

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Season ticket holders often purchase their tickets before a season begins. There is often a discount ...

Season ticket holders often purchase their tickets before a season begins. There is often a discount associated with season tickets. Why?
A) Buying season tickets entails risk, which consumers are willing to bear if they are compensated for doing so.
B) Buying season tickets is a way of guaranteeing a supply of tickets for the secondary market.
C) Selling season tickets entails greater transactions costs which team owners hope to avoid.
D) Sports teams are local monopolies.

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Microeconomics

Edition: 6^th

Author: Perloff

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Llanis Author

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Thanks for your help!!

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