For emergency purchases such as funeral services or prescription pharmaceutical products for life-threatening diseases, when companies do set charges that are perceived to be unfair, they are liable to claims of __________.
A) price collusion
B) price war
C) price bundle
D) price gouging

Question

Quizplus · Accepted Answer

Price gouging refers to the act of raising prices to unfair levels, especially during emergencies or on essential goods, which is considered exploitative and unethical.

For Emergency Purchases Such as Funeral Services or Prescription Pharmaceutical