Concert Tickets and Monopolies
Learn about why concert tickets are expensive and the recent court decision against Live Nation and Ticketmaster. Explore monopolies, competition, and how the legal system protects consumers.
A free Millionaire Quiz for Adults at CEFR B1 level. Topic: Concert tickets are very expensive, and now a court in New York says it knows why. A jury found that the company Live Nation, which owns Ticketmaster, is an illegal monopoly. This means they are too powerful. Because there are no other companies, ticket prices can be very high. The US government and many states want to break the company into smaller pieces. They want Ticketmaster to be a separate company again. Live Nation says it will fight the decision, but experts think the company will have to change. This could lead to lower prices and more choices for music lovers in the future. Difficult words: monopoly (when one company is too big and strong), powerful (big and strong), choice (one of two or more different things you can choose from)..
Questions
- What company does Live Nation own? — A) YouTube Music B) Ticketmaster C) Spotify D) Apple Music
- Which city had a court that made the decision about Live Nation? — A) New York B) Boston C) Los Angeles D) Chicago
- According to the text, why are concert ticket prices very high? — A) The government increases taxes on tickets B) There are no other companies to compete with C) Concert venues are very expensive to build D) Musicians ask for more money
- What does the word 'monopoly' mean in this text? — A) A company that organizes concerts B) A company that is too powerful and has no competitors C) A company that makes ticket prices cheaper D) A company that sells music online
- What does the US government want to do with Live Nation? — A) Break it into smaller, separate companies B) Allow it to increase ticket prices C) Give it more power to control ticket prices D) Help it buy more ticket companies
- What is the jury's decision about Live Nation? — A) It should buy more ticket companies B) It is an illegal monopoly C) It should work with the government to raise prices D) It is a legal company with fair prices
- What does Live Nation plan to do about the court's decision? — A) Accept the decision immediately B) Separate Ticketmaster right away C) Fight the decision in court D) Lower all ticket prices
- Based on the text, what is likely to happen to concert ticket prices in the future? — A) They will increase because the company will fight the decision B) They could decrease because of more competition C) They will depend only on what musicians want to earn D) They will stay the same because…
- Which statement best explains why having a monopoly is bad for consumers? — A) Monopolies always sell products at very low prices B) Monopolies employ too many workers and waste government money C) Monopolies force customers to buy products they don't want D) Monopolies have no competitors, so they…
- What is the relationship between Live Nation, Ticketmaster, and the court's decision? — A) Live Nation and Ticketmaster are competitors, and the court wants them to work together B) Ticketmaster owns Live Nation, and the court wants to make them separate companies C) Live Nation owns Ticketmaster,…
Printable worksheet
This Millionaire Quiz comes with a free printable worksheet: 2 parts for students to do after the game, and an answer key for the teacher. It prints at three levels (Support, Core and Challenge); this is the Challenge sheet. Sign in free to print the whole sheet.
What's on the worksheet
- Answer from memory · No options this time. Write the answer.
- Write your own question · Write a new question about concert tickets are very expensive, and now a court in new york says it knows why. a jury found that the company live nation, which owns ticketmaster, is an illegal monopoly. this means they are too powerful. because there are no other companies, ticket prices can be very…
Part 1: Answer from memory
No options this time. Write the answer.
- What company does Live Nation own?
- Which city had a court that made the decision about Live Nation?
- According to the text, why are concert ticket prices very high?