An attorney general in Missouri filed a lawsuit against a well-known pharmacy. According to the attorney general, the pharmacy had prices listed on store shelves that were different than the prices charged at the register, resulting in consumers having to pay more. This would most likely be an example of
A) price fixing.
B) price discrimination.
C) predatory pricing.
D) deceptive pricing.
E) price wars.

Question

Quizplus · Accepted Answer

The situation described is most likely an example of deceptive pricing, as the pharmacy is misleading consumers with incorrect prices displayed on store shelves. Price fixing involves collusion between competitors to set prices, price discrimination involves charging different prices to different groups of customers, predatory pricing involves pricing products below cost to drive competitors out of business, and price wars involve intense and aggressive price competition between multiple competitors. None of these scenarios seem to fit the situation described.

An Attorney General in Missouri Filed a Lawsuit Against a Well-Known