Paper Topic: Price Gouging
Imagine you own a convenience store in a relatively small town in the mountains of Northern California. Your town suffers yet another major wildfire, that makes driving quite dangerous and puts all the townspeople’s homes and businesses at risk. Your store’s supplies of water and other essential goods are decent but not great. With unreliable road access, you don’t know whether your biweekly shipments of goods will arrive on time. You will probably have to pay higher costs to your suppliers to get shipments, given the fire danger. It is also dangerous for you to make the 30 minute commute from your home to your store.
So you are faced with the decision of whether to raise your prices significantly to account for these risks and extra costs, and whether you should go beyond that at all to make some extra money.
Pretend for the purposes of this paper that the state of California and your county and town have no anti-gouging laws. So you know raising prices will be legal. The issue at hand is thus purely a moral question.
Answer the following questions in your paper:
According to Matt Zwolinski is it morally acceptable for you to price gouge? Explain his argument(s) for that position.
What’s your own position about whether it is morally right for you to price gouge? Do you agree or disagree with Zwolinski’s view? Why or why not? Focus on the moral reasons that support your position (whether in agreement or disagreement with Zwolinski)
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