The coronavirus pandemic has caused a surge in demand for N95 masks, leading to a shortage of the protective gear and a surge in prices. This has sparked consumer anger as some retailers have taken advantage of the situation by engaging in price gouging.
Price gouging is the practice of charging an exorbitant or excessive price for goods or services, especially during a time of crisis. In the case of N95 masks, some retailers have been charging prices that are far higher than the normal market rate.
The U.S. Federal Trade Commission (FTC) has warned retailers against price gouging, noting that it is illegal in most states. The FTC has also urged consumers to report any instances of price gouging they encounter.
The price gouging of N95 masks has been particularly egregious in some cases. In one instance, a retailer was found to be charging $20 for a single mask, which is more than 10 times the normal price. In another case, a retailer was found to be charging $100 for a box of 10 masks, which is more than 20 times the normal price.
The price gouging of N95 masks has sparked outrage among consumers, who have taken to social media to express their anger. Many have called for retailers to be held accountable for their actions and for the government to take action to prevent such practices.
The price gouging of N95 masks is a serious issue that needs to be addressed. It is unfair to consumers and takes advantage of a vulnerable population during a time of crisis. The government needs to take action to ensure that retailers are not engaging in such practices and that consumers are not being taken advantage of.