Podcast
Questions and Answers
What is the main purpose of price gouging?
What is the main purpose of price gouging?
- To create a fair market
- To maximize profit (correct)
- To provide access to essential goods
- To create a sense of scarcity
What is a consequence of price gouging?
What is a consequence of price gouging?
- It creates a fair market
- It helps to ensure access to essential goods
- It disrupts the supply chain (correct)
- It creates a sense of abundance
What is the main issue with price gouging?
What is the main issue with price gouging?
- It is a form of oppression (correct)
- It is a form of cruelty
- It is a form of exploitation
- It is a form of manipulation
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Study Notes
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The key facts from the text are that there are no benefits to price gouging, and that it is a form of oppression.
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Price gouging is a form of oppression that is done in an attempt to create false scarcity in order to maximize profit.
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There are no benefits to price gouging, and it is a form of cruelty.
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Price gouging is a form of cruelty that disrupts the supply chain in a pitiful attempt to create false scarcity.
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