this post was submitted on 20 Jan 2024
71 points (89.0% liked)

Hacker News

1770 readers
1 users here now

This community serves to share top posts on Hacker News with the wider fediverse.

Rules0. Keep it legal

  1. Keep it civil and SFW
  2. Keep it safe for members of marginalised groups

founded 1 year ago
MODERATORS
 

There is a discussion on Hacker News, but feel free to comment here as well.

you are viewing a single comment's thread
view the rest of the comments
[โ€“] FooBarrington 12 points 9 months ago* (last edited 9 months 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.

[โ€“] [email protected] 2 points 9 months 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