The Wall Street Journal, suggests that corporations are collecti

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Avalon - The Wall Street Journal, suggests that corporations are collectively taking advantage of consumer psychology. Supply shocks related to the pandemic created widespread cost increases that consumers accepted. Although those supply shocks have dissipated, many businesses have maintained higher prices anyway. "If people are paying $3 for a dozen eggs last week, they’ll pay $3 this week. And firms take advantage of that. It's called profit.

Print Publication Date: 
4/10/2024
Topic: