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wasoxygen · 2217 days ago · link · · parent · post: Three Cheers for Price Gouging During Hurricane Florence
If cost & transportation & reasonable profit provide sufficient incentive for sellers to meet the demand, gougers will not be able to sell and get "unreasonable" profit, whatever that might mean. They might even dump their goods at a lower-than-intended price, if they are permitted to risk their own resources in bringing goods to the site of an emergency, hoping to sell for high prices. Who gets to decide what price is unreasonable for every product in every context? If nobody buys, nobody gets gouged. If someone buys, will you tell them they are not allowed to get the generator at that price because in someone else's opinion it is too expensive?