a gouged price is a price that exceeds the fair market value, due to a short term scarcity or other circumstance, that typically can’t be changed under normal circumstances.
but i’m guessing you don’t want a clear definition?
a fair market price is a price set under normal market conditions of supply and demand. Where I live a fair market rent for a 1 bedroom apartment is 3,000. Maybe people find that unfair because they can’t afford it. I can and I find it fair, and the vacancy rate in my city is below 1%, so 99% of people here also find that fair.
DirtSona@feddit.org 3 months ago
What is a gouged price? This looks like it will be a circular argument.
There is no fair price. dhspriory.org/kenny/PhilTexts/…/me19_247.htm
TubularTittyFrog@lemmy.world 3 months ago
a gouged price is a price that exceeds the fair market value, due to a short term scarcity or other circumstance, that typically can’t be changed under normal circumstances.
but i’m guessing you don’t want a clear definition?
a fair market price is a price set under normal market conditions of supply and demand. Where I live a fair market rent for a 1 bedroom apartment is 3,000. Maybe people find that unfair because they can’t afford it. I can and I find it fair, and the vacancy rate in my city is below 1%, so 99% of people here also find that fair.
Riverside@reddthat.com 3 months ago
Choose one
BenderRodriguez@lemmy.world 3 months ago
What is a circular argument?
I just used your debate tactic against you. Just keep asking people to define things and you’ll never have to make a point. It’s that easy.