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Price gouging is bad. It prices poor people out of the market for necessary goods, and encourages hoarding by the rich.
Libertarians argue that higher prices mean that only people who really need something will pay for it, and the free market will magically sort out how to best distribute a limited resource, but this is childish nonsense. The market is incapable of measuring need; it can only measure willingness to pay, and willingness to pay is determined more by wealth than by need: If gasoline is $100/gallon, Paris Hilton can still easily fill her generator to run her hair dryer, while a poor family can't afford enough gasoline to keep their dialysis machine running. Rationing is a better solution to shortages.
Even with anti-gouging laws, shortages already produce disincentives, such as gas lines, to deter people who don't truly need the resource.
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Is stock price maximization good or bad for the society?
of course it is bad research about it
Is stock price maximisation good or bad for the society?
it is wen u maximize the price it is wen u maximize the price it is wen u maximize the price
Is fair trade good?
fair trade is good because people who engage in it also aim to pay their workers a fair price. fair trade is not bad but very good
Is a monopoly good or bad for consumers?
Monopolies are typically considered bad for consumers.
Does the quality determine the price of a product?
most of the times yes but price usually depends on the productivity costs not on the quality of the product. A good quality product can be found in low price as and a bad quality product can be branded and expensive.
Is stock price maximization good or bad for the society?
of course it is bad research about it
Is stock price maximisation good or bad for the society?
it is wen u maximize the price it is wen u maximize the price it is wen u maximize the price
Is military royale a good brand?
Not too bad,but for price,hi's wonderful!
What is gauging in radioactivity?
Gauging is a form ofÊmonitoring the flow of liquids and measure the thickness of metals. When used in the petroleum industry, as well as for mining and archaeology purposes, gauging is the primary form of quality determination.
Is it normal for ears to throb after gauging them?
yes it is it could be your ears are sensitive or their just starting to get bad ear infections either way go get them checked out.
Is the electric Taurus pt92 airsoft a good quality gun for price?
It's not bad.
Can you make a sentence with the word gauging?
no
Where is there good cars for sale?
If the car didn't sell on Craigslist re-evaluate your price and your ad. A bad ad with bad photos and bad text will derail an ad faster than anything. If your price isn't where it should be for the market it will get ignored.
Is the triumph xt a good gun?
From a neutral standpoint, no. For the price you pay for it, you are getting a rubber gun, with bad performance. If you are looking for a good gun for the price maybe loook into the Vibe or Ion.
Is Katie price a good mum?
In my opinion, I think she is a good mother but in other peoples opinion she might appear as a bad mother.
What is a good asking price for a 1995 Ford Contour that is being bought by a junk yard?
if the 1995 ford contour is not running (transmission or engine is bad )a good price for it is $ 75 and they have to come to you and pick up the car.
How do self parking cars help the world?
Self parking cars can help the world in many ways, for example, beginner drivers, senior motorists and drivers with bad gauging skills.
