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concert tickets often marks up the prices significantly due to high demand. This scarcity leads to sold-out events, and many fans end up paying much more than the original ticket price. The primary market, where artists set ticket prices and benefit directly, contrasts with the secondary market, or resale market, where tickets are resold at inflated rates. Thus, the combined effect of limited supply, high demand, and resale practices contributes to the skyrocketing price of concert tickets.