Explain what price gouging means

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Explain what "price gouging" means. To what extent do you think it is ethical for a company to price a product or service based upon what the market will bear? Do you think that because consumers-for whatever reasons-are willing to pay a price for a product or service, it justifies its price? Explain where you think the line is, between "free interplay" between producers and consumers, and unethical exploitation through price gouging.

Reference no: EM133050609

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