Within the last week, news broke that the drug company Pfizer is considering hiking the price of its COVID-19 vaccine in the future (SOURCE: Business Insider(Links to an external site.)

). Scarcity would make this possible--Pfizer is one of only a few producers of COVID vaccines worldwide (SOURCE: Statista, Matej Mikulic(Links to an external site.)

). Do you think a vaccine price hike would be a "fair" thing to do? Why or why not? Regardless of whether you personally think it is fair, governments may choose to step in and look for regulatory options to prevent the price hike. This would amount to governments enacting price ceilings on the Pfizer vaccine. According to the material in Chapter 3 of our textbook, a price ceiling could create some "inefficiency." With that in mind, do you think a price ceilingshouldbe enacted? Explain your reasoning.