👉 Overpaying refers to a situation where a consumer pays more for a product or service than they would have paid if it had been purchased with a lower price. This can happen when consumers are underrepresented in the market, or when there is an imbalance in supply and demand. For example, let's say that a company sells a product at $100 but offers it to customers at a discount of 25%. If a customer buys the product for $150, they would
