Sunday, September 14, 2008

What is the "right" profit for gas stations?

And why does Bill McCollum think he knows the answer?

2 comments:

Gabrielle said...

There is no right price. If people are going to pay for it, then it is obiously worth it.

McCollum probably just wants to make himself look like a hero.

Is this at all similar to the "gas crisis" of the 70s?

Zuelke said...

Yes, it is similar the gas crisis of the seventies, and in a free market the equilibrium price should be achieved by the "invisible hand".