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Author Question: Selling tickets to graduation ceremonies has long been a tradition among students at institutions ... (Read 275 times)

809779

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Selling tickets to graduation ceremonies has long been a tradition among students at institutions that limit the number of guests. Suppose your classmate, Heidi, purchased two tickets for $40 each. Is this transaction economically efficient?


◦ No, people should never be allowed to sell items they received for free.
◦ Yes, it was a voluntary exchange that benefited both parties.
◦ No, Heidi paid too much for the tickets.
◦ Yes, it is efficient only from the perspective of the seller and not from the perspective of the buyer.


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Marked as best answer by 809779 on Mar 15, 2019

angrybirds13579

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809779

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Reply 2 on: Mar 15, 2019
YES! Correct, THANKS for helping me on my review


Jsherida

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Reply 3 on: Yesterday
Excellent

 

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