3 ms·
“If it’s hot outside, we can raise the price of water” I’m not an expert but it’s this price gouging? I guess it depends on your definition of reasonable. I do
by more_corn 2y ago
“If it’s hot outside, we can raise the price of water”
I’m not an expert but it’s this price gouging? I guess it depends on your definition of reasonable. I don’t find it reasonable to raise the price on a lifesaving necessity right when it’s needed. Let’s all file FTC complaints and see what their investigation finds.
- pfannkuchen 2y agoI think it depends whether they would realistically run out of their stock of water if they don't raise the price. And then, second order things like whether they could be reasonably expected to have adjusted their inventory in response to the weather forecast. Without coordination though gouging would not be a good business strategy, and such coordination is already illegal. Though the anti-coordination laws do need to be enforced, and whether that is done consistently is unclear to me.