Jul 21, 2017

If you were in charge of ticket sales for this concert, how would you respond to a situation in which you had 1000 tickets left over the day before the show?

This paper concentrates on the primary theme of If you were in charge of ticket sales for this concert, how would you respond to a situation in which you had 1000 tickets left over the day before the show? in which you have to explain and evaluate its intricate aspects in detail. In addition to this, this paper has been reviewed and purchased by most of the students hence; it has been rated 4.8 points on the scale of 5 points. Besides, the price of this paper starts from £ 40. For more details and full access to the paper, please refer to the site.

Describe the Nature of the Concert as a Public Good

INSTRUCTIONS:

First paragraph write about (make sure you answer all questions): A famous singer plans to perform a concert at a football stadium in the heart of a large city. The stadium has several high-rise buildings around it and hundreds of people in the upper floors of these buildings can potentially see inside the stadium.

Step 2 Discuss the distribution and delivery of public goods.



Address the following in your response:



Explain the "free-rider" problem in the context of this performance.

Describe the nature of the concert as a public good.

If you were in charge of ticket sales for this concert, how would you respond to a situation in which you had 1000 tickets left over the day before the show?

What would be your plan to maximize profits? How can external benefits be realized through the delivery of a public good or service?





Second paragraph: A student responded (below) use these instructions to respond: IN, addition to other comments you may have, address the following in your response posts:



What potential benefits do other students foresee as a result of this "free-rider" issue?

Do those benefits outweigh the financial loss being disputed?



Use any personal experience, if appropriate, to help support or debate other students` posts. If differences of opinion occur, debate the issues professionally and provide examples to support your opinions.



Students response: 



In this case with the concert at the stadium the people in the upper floors of the high-rise buildings will receive the benefits from the resources or services without contributing or paying for the cost of the benefit, this would be consider “free-rider.”



The nature of the concert as a public good is known as the natural monopoly goods. It’s a good that is non-rivival but excludable. With a concert more people don’t decrease the enjoyment of the others; also people can be excluded if they don’t pay for the benefits of the service.



If I had 1000 tickets left a day before the concert I would probably give an incentive to sale these tickets by using the free rider program, which is get two tickets for the price of one. Someone will be able to benefit from the concert without paying the full price.



I would reduce direct cost, negotiate lower prices with my suppliers in order to maximize by profits.

CONTENT:

Discussion 8 Name Institutional Affiliation The existence of high-rise buildings around the stadium posits a great challenge to the organizers of the concert. This is essentially because having a considerably large number of individuals enjoying the concert, albeit to a

...

100% Plagiarism Free & Custom Written,
Tailored to your instructions


International House, 12 Constance Street, London, United Kingdom,
E16 2DQ

UK Registered Company # 11483120


100% Pass Guarantee

Order Now

STILL NOT CONVINCED?

We've produced some samples of what you can expect from our Academic Writing Service - these are created by our writers to show you the kind of high-quality work you'll receive. Take a look for yourself!

View Our Samples

FLAT 25% OFF ON EVERY ORDER.Use "FLAT25" as your promo code during checkout