When a basic commodity like gasoline goes through a period of sharply-rising prices, we often hear charges of “price gouging!” hurled against sellers in the community.

Week 2| Should the Government Set Prices?
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When a basic commodity like gasoline goes through a period of sharply-rising prices, we often hear charges of “price gouging!” hurled against sellers in the community. These charges imply that the government should control price, in order to prevent gouging. Do you agree that the government should set price during these periods? Why or why not?

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