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Its raising prices when consumers have no choice but to buy from the company, its often a symptom of privately owned monopolies such as water or train companies in the UK.
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∙ 14y ago
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Is donkey a consumer or producer?
Consumer
Slogans on an alert consumer is a safe consumer?
yes
Pls give me the pictures on consumer awareness?
consumer awareness diagram
What is a consumer of the Kalahari Desert?
Meerkats are one consumer in the Kalahari Desert.
When was Consumer Electronics Show created?
Consumer Electronics Show was created in 1967.
What pitfall to objective thinking is reflected in a person's view that oil companies are price gouging the consumer?
Loaded Terminology
Does price gouging create a deadweight loss?
Yes, price gouging creates a deadweight loss.
Why gouging is not done on p91 steels?
nope
What is the use of gouging?
Gouging is the process of removing unwanted materials.It is done by means of material is locally heated and molten metal is ejected out or blow up.
Is gouging a sport?
I would think so maybe but whatever
Price gouging might be the result of?
sudden increase in demand.
What are the consequences of price gouging?
Price gouging prevents poor people that need a good from purchasing it, while encouraging hoarding by wealthy customers who don't actually need what they're buying.
What is the term for selling goods in short supply at inflated prices?
Gouging .
What is it called when Businesses are raising prices on goods that are scarce?
Price Gouging
What was a significant cause of the 1979 energy crisis that hit America?
The most significant cause of the 1979 energy crisis in America was price gouging. The price gouging was done by the oil companies especially OPEC.
Why is price gouging bad?
Price gouging is considered bad by most people because it makes the price of things go up much higher than they should be, so that only the wealthy can afford them. In other words, it amplifies the suffering of the poor during a disaster. Many people think of gas prices when they think of price gouging.
Can congress respond to charges of price gouging by using its investigative powers?
yes
