4 ms·
The problem is that it completely eliminates the consumer surplus from the transaction and converts it to producer surplus. It basically erases all benefits of
by TheCoelacanth 2mo ago
The problem is that it completely eliminates the consumer surplus from the transaction and converts it to producer surplus. It basically erases all benefits of capitalism for the average person.
If it becomes the norm to charge the maximum that someone is willing to pay in every consumer transaction, then business owners are almost forcing average people to try to end capitalism.