3 Questions
What is the main purpose of price gouging?
To maximize profit
What is a consequence of price gouging?
It disrupts the supply chain
What is the main issue with price gouging?
It is a form of oppression
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.
Test your knowledge about price gouging, its impact, and why it is considered a form of oppression and cruelty.
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