Stadium Parking Is Expensive When Compared With Which Other Option
Question: Ticket prices are subject to which law?
Answer: Supply and demand
Question: What is one benefit of dynamic pricing?
Answer: It reduces the number of unsold tickets
Question: What is it called when different seats are priced differently?
Answer: Yield management pricing
Question: What is the term for the cost of providing an additional number of seats?
Answer: Marginal cost
Question: What do we call the companies that stadium owners use to manage their ticket sales?
Answer: Agencies
Question: Dynamic pricing means what about ticket prices?
Answer: They are not fixed
Question: What do we call the companies or individuals that buy tickets in bulk and resell them?
Answer: Brokers
Question: What is the main product a stadium sells?
Answer: Tickets
Question: Ultimately, what does stadium management want to maximize?
Answer: Revenue
Question: Do stadiums charge different prices for different seats?
Answer: Yes, almost all the time