Quote:
Originally Posted by PervertInPueblaMexico
Actually, if you were the only person selling apples, you could sell them for 10 dollars a piece, or whatever the market will bear. The only thing that would prevent you from selling them for 10 dollars would be if you had a competitor selling them for 9 dollars. Then you would have to match or lower his price.
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That is not true either as being priced higher is fine in the market place and often beneficial. Have you looked at bottled water. From free (which is fine) to over a hundred a bottle.
Now typically you can sell your shit for whatever you want. Price gouging is not really that big of an issue. Unless of course your product is price regulated (see CA dairy) or for instance there is a natural disaster and there is a price cap put into place.