In Australia,which Type of Pricing Behaviour from the Following Options

question 43

Multiple Choice

In Australia,which type of pricing behaviour from the following options is illegal?

• A) All of these options are illegal in Australia.
• B) Where two or more entities conspire to set prices above a competitive price.
• C) Setting different prices for different customers.
• D) Deliberately setting low prices to drive out market competition then raising prices once the competition is removed.

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Definitions:

Group Polarization

The phenomenon where the attitude of a group towards a particular issue becomes more extreme than the initial inclination of its members following group discussions.

Deindividuation

A concept in social psychology that describes the loss of self-awareness in groups, which can lead to disinhibited and impulsive behavior.

Social Facilitation

The tendency for people to perform differently when in the presence of others than when alone, often performing better on simpler or well-practiced tasks.

Implicit Attitudes

Implicit attitudes are unconscious beliefs or feelings towards objects, people, or situations.