The last-minute victory of the Texas Longhorns in this year’s Rose Bowl--America’s college football championship--was the kind of thing that stays with fans forever. Just as well, because many had paid vast sums to see the game. Rose Bowl tickets officially sold for$175 each. On the internet, resellers were hawking them for as much as $ 3,000 a pop. "Nobody knows how to control [this]," observed Mitch Dorger, the tournament’s chief executive.
Re-selling tickets for a profit, known less politely as scalping in America or touting in Britain, is booming. In America alone, the "secondary market" for tickets to sought-after events is worth over $10 billion, reckons Jeffrey Fluhr, the boss of StubHub, an online ticket market. Scalping used to be about burly men lurking outside stadiums with fistfuls of tickets. Cries of "Tickets here, tickets here" still ring out before kick off. But the internet has created a larger and more effi
A. define re-selling tickets for profits
B. stress the prosperity of the industry
C. shed light on the booming of scalping
D. cast doubt on the profits of online ticket market
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