4 ms·
Price gouging might be bad but the alternative is worse. If you allow the market to set the price of a limited resource, that resource will be allocated to thos
by spinlock 11y ago
Price gouging might be bad but the alternative is worse. If you allow the market to set the price of a limited resource, that resource will be allocated to those who truly need it. If you set the price so that "everyone" can afford the resource, you create a shortage and those who truly need the resource might or might not get it depending on how lucky/early they got in line.
- mattgrice 11y agoReally, you think that $13 per pill was a worse situation? That there was an epidemic of people out there paying $13 a pill for antiprotozoal medications who don't truly need them?
- spinlock 11y agoIsn't that obvious? The $13 price point set up the situation for a corporate raider to take over and drastically change the price. If the price point had been higher, the company would have been more valuable and less susceptible to a takeover. Unintended consequences are a bitch.