this post was submitted on 20 Jan 2024
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[–] And009@lemmynsfw.com -5 points 2 years ago (1 children)

I mean for things like bottled water or soda, 'market price' should be fine. Those are commonly bought everywhere. Things available locally should mention the current price, can't expect guests to know trends.

[–] FooBarrington@lemmy.world 12 points 2 years ago* (last edited 2 years ago) (1 children)

Even for commonly sold items this practice is harmful to the consumer:

  • difficult to prove someone wrong, even if their price is higher than usual
  • easy to hide a higher price ("well, the local markets we shop at...")
  • if the price isn't higher than usual, why hide it behind this

Information asymmetry shifts the power in any economic activities, and should never be encouraged.

[–] And009@lemmynsfw.com 2 points 2 years ago

Ah, now that's a straight up scam. Market price should directly mean the price 'printed' on it or the retail price. Anything else needs to be mentioned explicitly