Which of the following factors causes the exploitation of consumers in the market?

Lack of information

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Solution

The correct option is A
Lack of information

Lack of information is one of the factors which causes the exploitation of consumers in the market because consumers are liable to make a wrong decision and hence lose money.

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Similar questions

Mention a few factors which cause exploitation of consumers.

Some common ways by which consumers are exploited by manufacturers and traders due to lack of awareness include which of the following?

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