Undergraduate

Theater fans who go to the TKTS window in New York's Times Square in the afternoon can purchase half - price tickets to many Broadway

Theater fans who go to the TKTS window in New York's Times Square in the afternoon can purchase half-price tickets to many Broadway plays performed the same evening. But someone who books a plane ticket on the same day as the flight can expect to pay a substantial premium, sometimes as much as 100 percent, thus paying twice as much as the regular price. What explains the difference?

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