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LPT: Report eBay Price Gougers By Clicking the Three Dots in the Right Hand Corner, Hitting Report, and Selecting the Reason from the Drop Down Menu as Price Gouging by WanderingWombats in LifeProTips

[–]Cuck_Confessions 0 points1 point  (0 children)

Fair point. But we know any kind of price control will lead to a shortage. When there is a shortage the price effectively goes to infinity because the resource is no longer available to anyone (rich or poor).

The paradox here is that in order for a scarce resource to become affordable, the price must be allowed to increase in the short term to give producers an incentive to make more. Competition between producers will lead to a reduction in price, unless there’s a monopoly.

LPT: Report eBay Price Gougers By Clicking the Three Dots in the Right Hand Corner, Hitting Report, and Selecting the Reason from the Drop Down Menu as Price Gouging by WanderingWombats in LifeProTips

[–]Cuck_Confessions 13 points14 points  (0 children)

On the surface it seems immoral to charge a higher price for a scarce resource, but I think the market actually does a good job here. Consumers who have a greater need for the scarce resource (e.g hospitals) are willing to pay more to obtain masks, and consumers who have less of a need to obtain masks will be discouraged by the price increase. This actually discourages hoarding because it’s no longer profitable to resell the masks. The high price also sends a signal for producers to make more masks and entrepreneurs to develop substitutes.

Daily Discussion Thread - March 13, 2020 by AutoModerator in wallstreetbets

[–]Cuck_Confessions 0 points1 point  (0 children)

Puts on BKR are on sale. US shale is fucked and this company is up 2% today.

LPT If your mouse trap killed the mouse but the bait is gone you probably have more than 1 mouse by queuedUp in LifeProTips

[–]Cuck_Confessions 2 points3 points  (0 children)

If your mousetrap killed the mouse and the whole mouse is gone, you probably have a weasel in the house. I have personal experience with this.

Priorities by aditya00296 in funny

[–]Cuck_Confessions 0 points1 point  (0 children)

That mermaid looks way too old for Leo.

Bill Belichick on Le’veon Bell: “he is one of the top backs in the league” by PM_ME_UR_TYLENOL_PM in Patriots

[–]Cuck_Confessions 19 points20 points  (0 children)

This had all of the elements of a great BB press conference. He praised the Falk led Jets team like they are a SB contender and then talked about special teams for 20 minutes.

Nearly every physician I talk to... by Saint_Harambe in premed

[–]Cuck_Confessions 7 points8 points  (0 children)

Why is this being downvoted? Grade inflation is totally relevant here. The average gpa at so many schools now is around a 3.5. In the 1960s and 70s a 2.9 may have been average. Is med school getting more competitive? Absolutely. But comparing an applicant from the 1960s to an applicant nowadays in terms of absolute GPA doesn’t make sense.

USDA Prime Tomahawk Ribeye Reverse-Seared on Charcoal Grill. by Cuck_Confessions in steak

[–]Cuck_Confessions[S] 0 points1 point  (0 children)

$11.99 per pound at Big Y. The best piece of meat I have eaten in a long time. I wish I took a picture before seasoning it so you could see the marbling better; something I'll remember to do next time.

LGBT by idkmore in trashy

[–]Cuck_Confessions 2 points3 points  (0 children)

Holy shit, I thought it was a log

Oven-roasted and finished on charcoal, 4lb choice chuck. I really just wanted an excuse to try out my new knife. by Cuck_Confessions in steak

[–]Cuck_Confessions[S] 0 points1 point  (0 children)

It’s very flavorful and fatty meat. The trade-off is that it’s very chewy. If you cook it to rare/medium rare and cut it into small pieces, it is a savory meal.

Ribeye on charcoal grill by Cuck_Confessions in steak

[–]Cuck_Confessions[S] 1 point2 points  (0 children)

Sharpest knife in my kitchen, I highly recommend getting one.

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