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By overcharging, I mean that we compared prices to a baseline day in January (the 13th, to be exact) and then showed those prices against what was on offer from
by unsettledtck 11y ago
By overcharging, I mean that we compared prices to a baseline day in January (the 13th, to be exact) and then showed those prices against what was on offer from other retailers. Consumers do have access to this information and their buying decisions are their own. And that's true, this study reinforces the free market system we have. There is something to be said for the shadiness of certain retailers elevating their prices on days that are being touted as "sale" days.
- pdonis 11y agoIn other words, you're using "overcharging" to mean "the price went up". That doesn't seem like a very good use of language; there are lots of valid reasons why the price might have gone up. As for retailers using the word "sale" to mean "we raised the price a week ago and now we're dropping it back to where it was before, in the hope that you'll think it's a great deal", that could certainly be described as "shadiness", yes, but since you appear to agree with the market being free, the free market should sort that out just fine. If such practices hurt consumers, on net, then consumers can respond by not buying from such retailers.