The act of increasing the price of petrol during a natural disaster emergency is prohibited because it amounts to predatory pricing.

Question

Quizplus · Accepted Answer

Predatory pricing is the act of setting prices extremely low with the intention of driving competitors out of business, and then raising prices again once a monopoly has been obtained. However, increasing the price of petrol during a natural disaster emergency is considered unethical, as it can lead to exploitation of those affected by the disaster. Therefore, such behavior is prohibited.

The Act of Increasing the Price of Petrol During a Natural