Arenas Sell Out Around Country Suggests At What Price 549285

In Rolling Stone magazine, several fans and rock stars, including Pearl Jam, were bemoaning the high price of concert tickets. One superstar argued, ‘It just isn’t worth $75 to see me play. No one should have to pay that much to go to a concert.’ Assume this star sold out arenas around the country at an average ticket price of $75.
a. Based solely on demand and supply, the fact that the arenas sell out around the country suggests that the price of $75 is?