Re:Amazon sellers marking products as collectible to get aro...
by dragonwriter on Friday May 29, 2020 @09:26PM
(#23357613)
> Only high prices are an incentive for new producers to enter a market.
States of emergency tend to be associated with abnormal market conditions which inhibit normal responses and may prevent entry of new sellers, and price gouging laws are, as a rule, tied to states of emergency (and often require active renewal based on new determination of need for price protection for longer emergencies; e.g., regardless of emergency duration, California’s price gouging law requires renewal of price protection at 30 day intervals.)
States of emergency tend to be associated with abnormal market conditions which inhibit normal responses and may prevent entry of new sellers, and price gouging laws are, as a rule, tied to states of emergency (and often require active renewal based on new determination of need for price protection for longer emergencies; e.g., regardless of emergency duration, California’s price gouging law requires renewal of price protection at 30 day intervals.)