Message from @Jenna_X

Discord ID: 684831398615580718


2020-03-04 18:32:53 UTC  

Lol

2020-03-04 18:33:02 UTC  

Too high would result in too many?

2020-03-04 18:33:07 UTC  

Yes, over production.

2020-03-04 18:33:08 UTC  

What are you smoking

2020-03-04 18:33:21 UTC  

Are you like, forgetting about actual agency of firms

2020-03-04 18:33:25 UTC  

If the government sets a minimum price the companies will produce high amounts.

2020-03-04 18:33:40 UTC  

You think that a firm is going to just produce product they know they can’t sell

2020-03-04 18:33:57 UTC  

They don't know that, because the price is signalling high demand

2020-03-04 18:34:06 UTC  

They DO know that

2020-03-04 18:34:16 UTC  

Firms can read things other than the market equilibrium

2020-03-04 18:34:22 UTC  

This is what happened with minimum prices on farm produce in Eu, they over produced.

2020-03-04 18:34:25 UTC  

Like, the paper. Emails from the CDC

2020-03-04 18:34:31 UTC  

Lol

2020-03-04 18:34:36 UTC  

CDC isn't the only one buying vaccines, you do realise?

2020-03-04 18:34:41 UTC  

Ok, here’s the thing about food

2020-03-04 18:34:55 UTC  

Other private companies will be sold vaccines, the firm producing the vaccines will see higher demand in prices.

2020-03-04 18:35:01 UTC  

Food acts like a normal good

2020-03-04 18:35:16 UTC  

Vaccines are a normal good.

2020-03-04 18:35:17 UTC  

Ok, so to be clear- you’re changing your argument

2020-03-04 18:35:23 UTC  

Vaccines are not a normal good

2020-03-04 18:35:28 UTC  

Sid is automatically right because hes a male

2020-03-04 18:35:36 UTC  

Ok let's put it this way, price controls on drugs in Europe result in lower profits for drug companies. Yet they make large profits nonetheless.

2020-03-04 18:35:40 UTC  

Do you think shortages happen?

2020-03-04 18:35:42 UTC  

Sophie has poopy woman brain

2020-03-04 18:35:56 UTC  

I have no need to engage with your hypothetical example

2020-03-04 18:36:04 UTC  

Because we’re dealing with a concrete example

2020-03-04 18:36:11 UTC  

So let’s be super super clear here

2020-03-04 18:36:12 UTC  

Because they do:
> For patented drugs, external price referencing may encompass the largest impact on drug shortages. For generic medicines, internal or external reference pricing, tendering as well as price capping may affect drug shortages. 9

2020-03-04 18:36:14 UTC  

> Manufacturing/quality requirements also contribute to drug shortages, since non-compliance leads to recalls. The influence of parallel trade on drug shortages is still rather disputable."
https://www.sciencedirect.com/science/article/abs/pii/S027323001500006

2020-03-04 18:36:18 UTC  

We’re talking about a limited requirement

2020-03-04 18:36:23 UTC  

Yes, that is totally irrelevant

2020-03-04 18:36:29 UTC  

What do you think a vaccine is?

2020-03-04 18:36:34 UTC  

A good?

2020-03-04 18:36:39 UTC  

I mean literally

2020-03-04 18:36:43 UTC  

It's prone to shortages and surpluses like every other good.

2020-03-04 18:36:44 UTC  

What do you think a vaccine does

2020-03-04 18:36:51 UTC  

Is that a joke?

2020-03-04 18:36:59 UTC  

Mhm, let’s get in the real world for a second

2020-03-04 18:37:01 UTC  

No it isn’t

2020-03-04 18:37:06 UTC  

This is the real world

2020-03-04 18:37:07 UTC  

What do you think a vaccine does?