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Unfair Pricing is a market within Economics that refers to the practice of charging different prices for the same goods or services to different customers. This practice is often seen as unethical and can lead to a lack of competition in the market. Unfair Pricing can be used to exploit customers who are unaware of the different prices, or those who are unable to negotiate a better deal. It can also be used to create a monopoly, where one company has control over the market and can set prices as they wish.
Examples of companies in the Unfair Pricing market include airlines, hotels, and online retailers. Airlines often charge different prices for the same flight depending on the time of booking, while hotels may offer different prices for the same room depending on the day of the week. Online retailers may also offer different prices for the same product depending on the customer's location. Show Less Read more
