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Questions and Answers
What is price gouging?
What is price gouging?
- An attempt to maximize profit
- A form of oppression (correct)
- A way to create false scarcity
- A form of kindness
What is one of the effects of price gouging?
What is one of the effects of price gouging?
- Increased supply chain efficiency
- Maximized profit
- Increased availability of goods
- Disrupted supply chain (correct)
What is the main benefit of price gouging?
What is the main benefit of price gouging?
- It creates false scarcity
- It increases availability of goods
- It maximizes profit
- There are no benefits (correct)
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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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