Fictitious MRP - act legal metrology
Can legal metrology bring a law where for no product the MRP is above 100% of cost.
See these test strips. In market they sell for 800-900 cost is probably 400, MRP is 2800 and Ecommerce is saying 50% off or more.
Can we stop fictitious MRP? more
Add of The Competition Act 2002 more
Pl read Predatory Price under Definitions Section 2, applicable Sect 4(2) (b) more
Let's see when the day comes. There have been demands to set prices as MOP that is Max. Operating Prices instead of MRPs which are often misleading. more
The concern authority must monitor this subject and take necessary action to keep the maximum retail price of any goods or services. As we are proceeding toward the privatisation of semi government or full government sectors we are losing the control over the market. In this regard Government is responsible for the control over the market. more
I agree that MRP needs to be controlled by the government, especially for diabetic and cancer drugs which have to be consumed by the patient all their lives or they will not survive. more