Question
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
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.(https://www.marketplace.org/2017/09/01/economy/why-economists-dont-think-price-gouging-problem) -- based off the above article, how do anti-gouging laws increase social welfare.
b. (https://www.econlib.org/archives/2017/09/thaler_on_price.html) based off this article, how does price gouging increase social welfare.
c.Which argument is more persuasive, and why? I.e., should governments continue to use anti-gouging laws to correct supposed market failures occurring after natural disasters?
This is all of the information provided.
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