Gabriel Ramirez Writing Assignment #1 18 July 2011 PHIL 205 A Different Look at Price Gouging Zwolinski brings into question a very interesting view to the moral status of price gouging and how it should not be illegal. He uses a mix of several examples to express this idea, but shows us how there is no ultimately right answer to this complicated issue. Although Zwolinski brings into question many issues like exploitation and supply and demand there are three main points that he uses to defend
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This article talks of rice gouging as a pricing strategy followed by US companies vis-a-vis Australian consumers. We start with the concept of the strategy and the conditions required for its effectiveness. Next it is applied on the current situation that is the focus of the article. Lastly we try and assess the benefits and costs of this strategy. Price gouging is a form of price discrimination, where the producer/seller is able to discriminate between different consumers on the basis of his selling
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wildfires place a debilitating amount of stress and financial strain upon those affected, and gouging the prices on basic necessities like food, water, and clothing leave normal people struggling to survive in situations where they remain vulnerable and in need. However, could these price gouging laws potentially keep people from obtaining the things that they cannot live without? Deciding whether or not to gouge prices should depend upon the company and the individual, not the law. At
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diversified portfolio carries a lower risk than individual stocks and should be the matrix for a successful investment, investing in securities with high expected returns involves a high level of risk. 3. Do you favor anti-gouging laws as a means of protecting consumers from high prices following natural disasters, such as Hurricane Katrina in New
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been in the news for raising the price of prescription drugs. The price of Daraprim, a drug to treat toxoplasmosis, was increased by over five thousand percent. The increase has sparked people from both the AIDS and cancer organizations to reach out and attack the ethics of Chief Executive Officer, Martin Shkreli through social media. The increase in price may prevent hospitals from having treatment available for patients who need it. The practice of price gouging prescription drugs has now become
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The damage that Hurricane Harvey has caused shall take several months for the US economy to deal with. However consensus shows that this natural disaster won't have a dramatic effect on the US economy growth even though major cities such as Houston has been brutally flooded by Harvey. According to AccuWeather Hurricane Harvey damages is set to about $160 billion dollars, which would set it as the most expensive natural disaster to ever occur in US history. Other estimates seem to cost much less,
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Propofol is an approved synthetically derived hypnotic agent used in the induction and maintenance of anaesthesia or sedation. After its approval, it replaced thiopental as the anaesthetic of choice by hospitals. It was estimated in the year 2010 that propofol accounted for at least 75% of anesthetics given in the U.S. Pharmacology Propofol is a small strongly lipophilic molecule which is usually housed in an oil-in-water emulsion. It is administrated through intravenous infusion at a strength
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the nation DRUGS The drug problem is not an enemy that can be easily vanquished. A side effect is usually regarded as an undesirable secondary effect which occurs in addition to the desired therapeutic effect of a drug or medication. Side effects may vary for each individual depending on the disease state
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companies to control the price of pills. First of all, I believe that medicine should be either covered a persons’ insurance or shouldn’t as expensive as it is right now. “...By buying up the rights to older medicines for rare conditions and price-gouging people dependent on them.” This quote from the text The $750 Pill just proves that companies’ ability to change the value of a pill that people are dependent is absolutely absurd and that the government needs to set its own market prices. This quote also
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so much taxis as private cars that Uber has vetted. The convenience of hailing a cab from the comfort of a sofa or bar stool has given the service a loyal fan-base, but it comes at a cost. Most of Uber’s prices are slightly cheaper than a street-hailed cab. But when demand spikes, the surge prices kick in: rates during the busiest times, such as New Year’s Eve, can be seven times normal levels, and minimum fares of up to $175 apply. During periods of excessive demand or scarce supply, when there
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