4.After considering the situation of market power for my software and how it changed after the introduction of competitors, consider situations of natural disasters and how governments respond to shortages resulting from them.

a.Read this article (https://www.latimes.com/business/hiltzik/la-fi-hiltzik-price-gouging-harvey-20170828-story.html) and comment on why anti-gouging laws can increase social welfare (i.e,. make society better off).

b.In contrast, read this blog (https://www.econlib.org/price-signals-price-gouging-and-philanthropy/) post and comment on why price gouging may increase social welfare.

c.Which argument do you find more persuasive, and why? I.e., should governments continue to use anti-gouging laws to correct supposed market failures occurring after natural disasters?