b) Why have some pricing strategies been made illegal? (1 point)

Answer 1

Some pricing strategies have been made illegal because they are considered to be unfair or harmful to consumers or competition. For example, price fixing (when competing companies agree to set prices at a particular level) and predatory pricing (when a company temporarily prices its products very low to drive competitors out of business) are both illegal in many countries. Additionally, some price discrimination practices that unfairly target specific groups of consumers (such as charging higher prices to seniors or people with disabilities) may also be illegal under anti-discrimination laws. These pricing strategies are prohibited to protect consumers and maintain fair competition in the marketplace.