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Fairness and Market Prices
Explore the concept of fairness in market prices and the moral implications of charging more than the market price in urgent situations. Discuss the relevance of anti-gouging laws and their impact on supply and demand.
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In this clip
Russ Roberts
Michael Munger
From this podcast
EconTalk
Michael Munger on John Locke, Prices, and Hurricane Sandy
Related Questions
How do prices reflect supply and demand in the episode Michael Munger on Price Gouging and the clip The Paradox of Price Gouging?