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The NFL's championship game, called The Super Bowl, is played at a neutral site. Home team fans must put their names into a lottery for a chance to buy tickets to the game. Winners then purchase tickets at the stated price.

Is this an efficient allocation mechanism? In other words, does it maximizes total fan welfare? Please describe, using an ex to illustrate your answer.

Microeconomics, Economics

  • Category:- Microeconomics
  • Reference No.:- M945480

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