Except scalpers have to compete with each other and as much as one might raise prices, others would undercut them. Ticketmaster has no competition and could fix the prices.
Also, scalpers couldn't charge too much for tickets if an artist was playing additional shows nearby. Livenation controlled who venues could book. Venues and artists were forced into the Livenation/Ticketmaster monopoly that wasn't going to compete with itself.
Good points. Quite true.
I attempted being a full time musician; life intervened, but put myself through college and gigged a few times a month until Covid (killed most of the clubs and one of my bandleaders). Ticketbastard is truly a nasty organization, they screw the artists and the audience.
Fregards