There are enough people for whom $1000 is like $20 for you to fill stadiums.
It’s a good gauge of changes in income inequality, because the supply is inelastic - the stadiums can’t expand to hold more people, but ticket prices can change according to what the top 1% are willing to pay.
There are enough people for whom $1000 is like $20 for you to fill stadiums.
It’s a good gauge of changes in income inequality, because the supply is inelastic - the stadiums can’t expand to hold more people, but ticket prices can change according to what the top 1% are willing to pay.