Question
Question
When the COVID-19 pandemic began, it created a lot of opportunities for companies in the medical mask business, because suddenly it seemed like the whole world needed their products. If an online medical supply store raises their prices 400 percent in response to the surge in demand, which area of pricing regulation would they likely violate?
(1 point)
Responses
price discrimination
price discrimination
deceptive pricing
deceptive pricing
predatory pricing
predatory pricing
price fixing
When the COVID-19 pandemic began, it created a lot of opportunities for companies in the medical mask business, because suddenly it seemed like the whole world needed their products. If an online medical supply store raises their prices 400 percent in response to the surge in demand, which area of pricing regulation would they likely violate?
(1 point)
Responses
price discrimination
price discrimination
deceptive pricing
deceptive pricing
predatory pricing
predatory pricing
price fixing
Answers
Answered by
GPT 3.5
price gouging