Market responses to natural disasters as well as personal disasters are often called profiting from others misery.
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Market responses to natural disasters as well as personal disasters are often called “profiting from others’ misery.” How is one’s profit in such a case a benefit to the victim of the disaster? How does ruling out the possibility of profit, say through banning certain market transactions or imposing price ceilings, help in such a situation? Whose options are expanded as a result?
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One s profit in such a case can be a benefit to the victim of the disaster if the profits ...View the full answer
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