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In this tutorial, the high cost of concert tickets is explored, primarily due to the imbalance between demand and supply. Major artists like Blackpink and Harry Styles attract millions of fans, leading to high competition for a limited number of available tickets, resulting in sellouts. Many sold-out tickets end up on the secondary market, where they are resold at significantly higher prices than their original cost. The primary market is where the tickets are first sold, with prices set by artists and their teams, earning them revenue and generating fees for ticket platforms. The secondary market, or resale market, operates independently, often inflating ticket prices.
