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Maximize profit at the expense of a consumer

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In a "one-shot" game, businesses may be tempted to maximize profit at the expense of a consumer. Most of us have been victimized by a version of this behavior at some point in our lives. Describe the circumstances of an example that you have witnessed. Why would a firm engage in that sort of behavior? As a consumer, how would you protect yourself from exploitation?

Reference no: EM131704294

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