Would you pay $149 for a two-pack of 12-ounce bottles of Purell?
Dr. Wendy Lu, a dentist in Cupertino, California, says she orders masks 20 or 40 boxes at a time to protect herself and her staff during examinations and procedures. When her January order was suddenly canceled, she was told to place the order again. When she did, the price had gone up fivefold.
Michael Salinger, an economics professor at Boston University's Questrom School of Business and former director of the Bureau of Economics at the Federal Trade Commission, says they're right. The real problem is that there are too few masks available. “These higher prices reward suppliers ready to meet that surge in demand either from existing stocks or by quickly ramping up production,” says Michael Giberson, an economics professor with Texas Tech University’s Rawls College of Business.
The normal rules should not apply in emergencies when demand outstrips supply of basic necessities, says Dana Radcliffe, senior lecturer in business ethics at Cornell University Johnson College and an adjunct professor of ethics and public policy at Syracuse University. A “free and fair” market does not exist because buyers don’t have any other options, he says.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Are High Mask Prices The Problem Or The Solution?As fears of coronavirus spread, so does price gouging for masks, which are in limited supply.
Consulte Mais informação »
Coughing Sanders Supporter Votes in a Mask Amid Coronavirus Concerns - WSJ.com'I definitely don't have coronavirus.' But one coughing voter wore his black mask to the polls in California anyway, to please his wife and to make others feel more comfortable.
Consulte Mais informação »
Sinitta covers her face with plush fashion mask amid coronavirus infection fearsSinitta was spotted shopping in London for antibacterial cleaning products - complete with a massive mask across her face
Consulte Mais informação »
WHO warns of global shortage of medical equipment to fight coronavirusThe World Health Organization warns of a global shortage and price gouging for protective equipment to fight the fast-spreading coronavirus via andrea_shalal StephNebehay Follow our live blog for coronavirus updates:
Consulte Mais informação »
Coronavirus response supplies 'rapidly depleting,' health officials estimate 89 million masks needed each monthWHO Director-General Dr. Tedros Adhanom Ghebreyesus warned that shortages in supplies are leaving doctors, nurses and health care workers 'dangerously ill-equipped' to care for COVID-19 patients.
Consulte Mais informação »