The Justice Department alleges that Live Nation suffocates competition in ticket promotion and venues, which drives up Ticketmaster prices.—ft.com, May 23, 2024 A $100 ticket is split between the artist $90 and the promotor $10. The $25 ticket is split between Ticketmaster $5 and the Venue $20
Tag: Monopolistic competition
Chocolate Makers’ Prospects Sour as Cocoa Prices Spike
The chocolate industry has enjoyed bumper profits and higher prices recently, but retailers are starting to push back on high-quality chocolate producers. Consumers are looking for deals, and lower priced 'private label' chocolate is picking up market share. Now cocoa prices are rising as cocoa producers face ongoing drought and disease.—reuters.com