Final answer:
The answer is False. Large, full-service booking agencies usually target established acts rather than unknown artists. Some popular bands with inelastic demand could charge very high ticket prices, but may not do so in order to maintain positive relationships with their fans.
Step-by-step explanation:
The statement that large, full-service booking agencies concentrate on representing acts at all levels, including unknown artists, that regularly appear in venues and towns of all sizes to "fully serve" the industry is False. These agencies typically focus on more established acts that can guarantee a certain level of revenue and fame. On the contrary, some bands with a strong fan base and high demand for their performances can afford to have inelastic ticket demand, meaning they can raise their prices without a significant drop in the number of tickets sold. In some cases, bands may not maximize ticket prices even though they could, instead keeping prices lower to maintain goodwill among fans and drive sales of other merchandise like recordings and T-shirts.