The minimum price for that evening of athletics, with fine dining included, is £4,500.
minimum
With the start of London 2012 now little more than two months away, Prestige Ticketing has decided to change its sales strategy in order to try to offload the remaining supply.
He added that TV revenue could be used to subsidise ticket prices, and claimed that the extra money coming into the game next season could be used to reduce ticket prices by £32.
Note that maximum price level existed previously, but at a lower level.
As per the new price control order, the ceiling price of an essential drug will be the simple average of all brands with a market share of at least one per cent.
Creating cartels to increase the price together - Oligopoly, few large firms dominating the market.
The experts in the industry point out that the small players in the field will eventually be wiped out when the new price control regime will come into effect.
Evaluation - Assumption made that the large firms are going to form cartels. If they don't, this will not occur.
For the government to prevent this, they can create anti-cartel regulations