Message from @Jenna_X
Discord ID: 684831453439328257
What are you smoking
Are you like, forgetting about actual agency of firms
If the government sets a minimum price the companies will produce high amounts.
You think that a firm is going to just produce product they know they can’t sell
They don't know that, because the price is signalling high demand
They DO know that
Firms can read things other than the market equilibrium
This is what happened with minimum prices on farm produce in Eu, they over produced.
Like, the paper. Emails from the CDC
Lol
CDC isn't the only one buying vaccines, you do realise?
Ok, here’s the thing about food
Other private companies will be sold vaccines, the firm producing the vaccines will see higher demand in prices.
Food acts like a normal good
Vaccines are a normal good.
Ok, so to be clear- you’re changing your argument
Vaccines are not a normal good
Sid is automatically right because hes a male
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.
Do you think shortages happen?
I have no need to engage with your hypothetical example
Because we’re dealing with a concrete example
So let’s be super super clear here
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
> 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
We’re talking about a limited requirement
Yes, that is totally irrelevant
What do you think a vaccine is?
A good?
I mean literally
It's prone to shortages and surpluses like every other good.
What do you think a vaccine does
Is that a joke?
Mhm, let’s get in the real world for a second
No it isn’t
This is the real world
What do you think a vaccine does?
Ok, can you answer the question?
Do you know the answer?
It's not related, you're shifting the topic.