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The Water Cooler
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price gouging and sellers market.
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<blockquote data-quote="Hoov" data-source="post: 2056679" data-attributes="member: 248"><p>ezbake, the phrase "reasonable or fair" is the key. If people are willing to pay it, then it is fair, otherwise they would not pay it. True, a real market economy relies upon an informed consumer. It also relies upon their marginal utility for said item. Note that Heartland did place limits upon the pmags and still sold out. There is no gouging in a truly free market.</p></blockquote><p></p>
[QUOTE="Hoov, post: 2056679, member: 248"] ezbake, the phrase "reasonable or fair" is the key. If people are willing to pay it, then it is fair, otherwise they would not pay it. True, a real market economy relies upon an informed consumer. It also relies upon their marginal utility for said item. Note that Heartland did place limits upon the pmags and still sold out. There is no gouging in a truly free market. [/QUOTE]
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