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Scalpers hurt literally everyone. They help people who are willing to pay the higher prices, and they provide a market signal encouraging producers to increase
by orangecat 5y ago
Scalpers hurt literally everyone.
They help people who are willing to pay the higher prices, and they provide a market signal encouraging producers to increase output.
- eropple 5y agoThere is no additional output.
- beckingz 5y agoThe issue is that production is inelastic compared to demand, so scalping provides no additional value and creates higher prices by making demand seem even higher.
- waterhouse 5y agoIt also creates an incentive for those unwilling to pay high prices to find ways to do without, or to delay their purchase until production has caught up.