People who believe in a free market economy with no

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People who believe in a free market economy with no regulation by government argue against laws prohibiting misleading and deceptive conduct. Adam Smith’s idea of a free market economy was that self-interest would produce a better outcome. He believed that the market could correct itself on its own and misleading companies would eventually die out on their own without government intervention. IV. The different examples of conduct that may be potentially misleading or deceptive. To be misleading or deceptive the conduct must contain a misrepresentation capable of inducing the relevant class into error. If the overall impression left by an advertisement, promotion, quotation, statement or other representation made by a business creates a misleading impression in your mind—such as to the price, value or the quality of any goods and services—then the conduct is likely to breach the law. Examples of misrepresentation of price are providing misleading price comparisons, representing an advertised price as the total price a consumer will have to pay when it is not, and advertising goods and services at a specific price when it is not able to supply enough of the good at the price. Other examples include not making false claims about the place of origin of the good, the availability of repair facilities or spare parts, any exclusions, the quality, style, model, or history or a good or service, etc. V. Your views on the importance of prohibiting misleading or deceptive conduct and, in particular, from the point of view of competitors and consumers. As a consumer, you hope to pay for what the company is promising you and you hope to purchase a product without running into problems along the way.
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Christopher Reinemann
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