Business, 07.03.2020 01:48, leo4687

A ticket broker purchases two tickets to an upcoming concert for $30 each, although the original ticket holder would have been willing to sell each ticket for $10. The ticket broker later sells the tickets to a new buyer for $50 each. If the new buyer would have been willing to pay up to $90 for each ticket, what fraction of the total value created is captured by the broker? 2/9 1/4 5/9 5/8

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A ticket broker purchases two tickets to an upcoming concert for $30 each, although the original tic...