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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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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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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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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consider the effect it will have on smaller telecommunication businesses, consumers, and employees. Time Warner owns popular media companies such as CNN, HBO, and Warner Bros. Studios. AT&T is a major provider of telephone, internet and cable services across the nation. Both of these companies are incredibly large and prosperous on their own. Together, they would make the few number of companies that dominate the telecommunications market even smaller. This could have a negative effect on the free-market
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vessel and open airways in the lungs. The effects of this injection can reverse severe low blood pressure, wheezing, hives, severe skin itching, and many different symptoms of an allergic reaction. They also use epinephrine to treat exercise induced anaphylaxis. Mylan offers the first authorized generic for EpiPen Auto injector at half of the wholesale acquisition cost . But as of 2016 , Mylan's EpiPen became the center of attention for scrutiny . Their prices increased by nearly 500 percent over
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Microsoft Excel, draw a graph illustrating the supply and demand in this market. 2. What is the equilibrium Price and Quantity in the market? This is where the quantity demanded and the quantity supplied are equal. The corresponding price is the equilibrium price and the quantity is the equilibrium quantity. *Let us take the first line of data from the Spreadsheet as an example: Price- $200 Quantity Demanded- 1000 Quantity Supplied- 2200 Here there is an excess supply amount, so there are more
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