martybegan
Diamond Member
- Apr 5, 2010
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Actually there is "excess" profit. A measure used when there isn't enough competition to trigger supply and demand.
Example:
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Drug company raised price of lifesaving opioid overdose antidote more than 600 percent
As the nation struggled with rising opioid deaths, a drug company increased the price of an overdose antidote more than 600 percent, a Senate subcommittee says.www.usatoday.com
Drug company raised price of lifesaving opioid overdose antidote more than 600 percent
Richmond, Virginia-based Kaleo increased the price of its auto-injectable overdose-reversal drug EVZIO from $575 to $4,100,
That isn't excess profit. There is no definition of how much profit is excess, just right, or low.