Problem
Article Review: Read the Wall Street Journal article titled "New Houses Are Costing More as Prices Jump for Wood, Bricks" dated March 17, 2021, "Texas Attorney General Accuses Largest U.S. Egg Producer of Price-Gouging" dated April 23, 2020. Also, review the U.S. News article titled "$10 Toilet Paper? Coronavirus Gouging Complaints Surge in U.S." dated March 19, 2020.
Develop written responses relating to the Article Review above in Preparation 3 for the following:
i. Is it ethical for a firm to take advantage of a crisis such as the pandemic to raise prices to a level where they are price-gouging? Discuss.
ii. Since there are few substitutes for eggs, is it ethical for a marketer to triple its price just because it can? Discuss.
iii. Should legal action be pursued against marketers that are accused of price-gouging?