3 ms·
You’re not even close to being right. https://modernfarmer.com/2023/01/record-breaking-egg-profits-prompt-accusation-of-price-gouging/ https://modernfarmer.com
by mrcode007 4y ago
You’re not even close to being right.
https://modernfarmer.com/2023/01/record-breaking-egg-profits-prompt-accusation-of-price-gouging/ https://modernfarmer.com/2023/01/record-breaking-egg-profits...
- zeroonetwothree 4y agoSounds like an unbiased and reliable source
- mrcode007 4y agohttps://www.ft.com/content/151cb429-d024-4d5c-9edf-5b4a2b104a66 https://www.ft.com/content/151cb429-d024-4d5c-9edf-5b4a2b104... How about this one ? https://scholarworks.umass.edu/cgi/viewcontent.cgi?article=1348&context=econ_workingpaper https://scholarworks.umass.edu/cgi/viewcontent.cgi?article=1... As unbiased as it can be. Hopefully you can stomach the direct quotes from the companies themselves.
- creato 4y agoAs long as there aren't any eggs going unsold, this is irrelevant to the price of eggs. If anything, the opposite is happening: sporadically there are limits on how many eggs one customer can buy in my grocery store.
- mrcode007 4y agoCompanies are deliberately limiting supply now as part of revenue management. Growing revenue can be simplistically thought of as maximizing a function of units sold * price per unit. You can decrease numbers sold and increase the price or the converse; 2 units * $10 or 10 units * $2. There is mounting evidence across countries and continents that this is what’s been going on. https://archive.is/1EbGX https://archive.is/1EbGX
- deleted 4y ago[deleted]