What is the likely effect on aggregate surplus


Problem

For some rock concerts thousands of fans stand in line for hours to purchase tickets. What is the likely effect on aggregate surplus if resale of those tickets in a competitive market is possible? Would aggregate surplus be higher if the concert tickets were priced to begin with at the resale market's equilibrium price?

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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Microeconomics: What is the likely effect on aggregate surplus
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