Not to get into a prescriptivism debate but "Price gouging" has a specific meaning, not just "charging a lot of money"
That's my point, actually.
Price gouging is a term for a seller pricing much higher than is considered reasonable or fair.
I'm only interested in the non-value-judgement related meaning. "Reasonable" and "fair" are meaningless.
What other people are saying is "you can't use that word because it's loaded with value judgement." I'm saying "OK, give me an alternative that captures the meaning without the value judgement. And is concise, clear, expressive, and widely understood."
pricing above the market price when no alternative retailer is available
It's meaningless because if you're the only provider your price is by definition the market price. Market price means the price on the market, not the price in a hypothetical fair competitive market.
> Price gouging is a term for a seller pricing much higher than is considered reasonable or fair.
or
> pricing above the market price when no alternative retailer is available