Price gouging is the elevation of prices to take advantage, Operation Management

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Price gouging is the elevation of prices to take advantage

Price gouging is the elevation of prices to take advantage of a crisis or emergency situations that may impact the competitive environment. An example of price gouging took place after Hurricane Katrina devastated the City of New Orleans. Why is this practice considered unethical if prices are intended to reflect what the customer is willing to pay?

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Operation Management: Price gouging is the elevation of prices to take advantage

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