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Taylor Swift is playing a concert at Suncorp Stadium in Brisbane.
Tickets are $150 each, or $500 each for the VIP Package which includes the opportunity to meet Taylor Swift.
Select the item from the list provided to make the following statements true.
Taylor Swift's pricing strategy indicates use of __________.
Johnny purchases some Taylor Swift tickets with the intention of selling these for a higher price. He is engaging in __________.
If the concert does sell out it, and people like Johnny are unable to sell their tickets for a higher price, the market can be considered to have been __________.
1. First degree price discrimination
2. Second degree price discrimination
3. Third degree price discrimination
4. Peak load pricing
5. Pricing power
6. Arbitrage
7. Inefficient
8. Collusion
9. Dominant
10. Dominated
11. Prisoner's dilemma
12. Efficient
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