Use This Fact Situation to Answer the Related Questions That

question 6

Multiple Choice

Use this fact situation to answer the related questions that follow. A local furniture store advertised a specific lamp at a discount,knowing it only had a couple of lamps.When customers came into the store to buy the lamp,they were told that the lamps had sold out,but they could buy another similar lamp at the regular price.
In this case,the actions of the furniture store can be described as

• A)mere puff advertising.
• B)bait-and-switch advertising.
• C)false advertising.
• D)fraudulent misrepresentation.
• E)proper advertising.

---

Definitions:

Dictator Game

An experimental paradigm in behavioral economics and psychology, where an individual (the "dictator") determines how to split a given resource between themselves and another participant.

Behavioral Economists

Experts in a field of economics that integrates insights from psychology to understand how people make economic decisions.

Invisible Hand

A term coined by Adam Smith to describe the self-regulating nature of the marketplace, where individual self-interests unintentionally benefit society.

Fairness

The quality of making judgments that are free from discrimination, dishonesty, or injustice.