Which of the following is said to occur when firms with market power price products "too high"?
A)predatory prices
B)price discrimination
C)price gouging
D)penetration pricing

Question

Quizplus · Accepted Answer

Price gouging is said to occur when firms with market power price products "too high". This refers to charging excessive prices during times of emergency or scarcity, taking advantage of customers in a vulnerable position.

Which of the Following Is Said to Occur When Firms