RE: Free Market Or Fair Market? The Price Regulation Debate
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i liked how you noted those sellers meeting to set one price. from an accounting view, that looks like a mini cartel, it may calm chaos today but it often shifts power and buyers pay more tomorrow :( Better fix is posted prices with clear unit weights and a simple rule against price gouging in emergencies, while letting normal seasons move prices as costs change. your right that excess profit feels like extortion, but fair margins keep stock moving and staff paid, otherwise the shelves go empty and my calculator crys :)
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You are right about the fair margin, thanks for stopping by.