Big Pharma Greed’s Knows No Bounds

Re:Big Pharma Greed’s Knows No Bounds by thomassmith65 on Saturday January 21, 2023 @01:55PM (#34469101)

Worded differently: the less captive the audience, the less significant is the issue of price-gauging.

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Re:Big Pharma Greed’s Knows No Bounds by robnado on Saturday January 21, 2023 @03:18PM (#34469980)

Worded differently: when the demand curve is inelastic, changes in price don’t change demand much in the short term. For more elastic curves, higher prices reduce demand a lot more, which incentivizes setting a lower price if businesses are to optimize profit.

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Re:Big Pharma Greed’s Knows No Bounds by anticensor on Saturday January 21, 2023 @04:25PM (#34470702)

Yeah, pricing-based manipulation works only best if supply is completely inelastic but demand is completely elastic.

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