Doris, an art historian, spends much of her spare time browsing in old shops, hoping to...

Doris, an art historian, spends much of her spare time browsing in old shops, hoping to find a valuable piece of art at a ridiculously low price. At last her perseverance has paid off. She just bought a painting worth at least $50,000 for $7.50. The shop owner obviously had no idea of its value. Was it morally acceptable for Doris to take advantage of his ignorance? Why or why not?

Expert Solution

YES , its acceptable for Doris to take advantage of the seller's ignorance as is the seller is keeping a art in there shop then he must know the real price of the art . As its the seller who use to do price discrimination on customers and seller the products to the customers in more price than its real cost . The its the seller responsibility to know the accurate price of there arts and the products they are displaying in there shop .

The customer always tries to buy the products in the cheaper rate they can . An if Doris is getting the art in a very low price then he must not ignore the opportunity and had gone good buy purchasing the art at that price .

As the shopkeeper is not performing his job in the perfect way for his profit then he is not a good seller and as per the moral of accepting the advantage of that its good for Doris as if Doris will not buy the product of tell the shopkeeper the real price of the product than the shopkeeper will get the profit of the art and Doris will be in loss .

And as Doris was searching for the historians from long time in a low price its perfect for him to accept the taking advantage of the shopkeeper and get the art and save money

Rahul Sunny answered 1 year ago

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