Explain the term Deceptive practices?

Economics (MindTap Course List)
13th Edition
ISBN:9781337617383
Author:Roger A. Arnold
Publisher:Roger A. Arnold
Chapter25: Government And Product Markets: Antitrust And Regulation
Section25.2: Regulation
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Explain the term Deceptive practices?

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Step 1

Unfair trade practices: It refers to utilizing different misleading, deceitful, or deceptive techniques to acquire the business. Out of line strategic approaches incorporate distortion, bogus promoting or portrayal of a decent or administration, tied selling, bogus free prize or blessing offers, tricky valuing, and resistance with assembling guidelines.

Step 2

Deceptive practices: A demonstration or practice is misleading when it meets the accompanying measures:

A portrayal, oversight, or practice deceives or is probably going to delude the buyer.

A shopper's translation of the portrayal, exclusion, or practice is viewed as sensible in light of the current situation.

The deceptive portrayal, oversight, or practice is material.

This is the producers' practice to deceive the consumer to get more gain from them. These practices do not help the producer in the long run because once it is revealed that the producer is doing these things, the consumer can file against the producer in the consumer court.

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