In: Economics
"The 32 year old former pharmaceutical executive raised the Price of a once-cheap life-saving pill to $750 was unapologetic and showed his contempt for lawmakers and invoked his Fifth Amendment rights." http://www.foxnews.com/politics/2016/02/04/ex-ceo-shkreli-smirks-pleads-fifth-at-hearing-on-drug-price-hikes.html Explain whether this pricing strategy is really desirable profitable decision.