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You assume the price is at equilibrium. If there is gouging, that's definitely not the case.
by platz 7y ago
You assume the price is at equilibrium.
If there is gouging, that's definitely not the case.
- belltaco 7y agoIf the price is being "gouged" by the manufacturer, doesn't that mean they will ramp up production much faster? The extra money will also help them hedge against the risk of overproduction if the thing fizzles out fast. Not to mention people are less likely to unnecessarily hoard years worth of supplies and prevent others from using it if it's more expensive.