Explain the probable effect of the policy on the fans

Reference no: EM13208303

Some musical groups have become concerned about the high prices that promoters charge for concerts (say $80 on average). So they have mandated that lower prices be charged that are more fair to their fans (say $60). Use the market model to illustrate and explain the probable effect of this policy. Would this help all of the fans, none of the fans, or some of the fans? Why?

Reference no: EM13208303

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