Unfair business practices refer to actions by companies that deceive or harm consumers or competitors. These practices can include false advertising, where a product is misrepresented, or price fixing, where companies collude to set prices at an artificially high level. Such actions undermine fair competition and can lead to legal consequences. Another example is predatory pricing, where a business sets prices extremely low to drive competitors out of the market. Once competition is eliminated, the company may raise prices significantly. These practices can create an uneven playing field, harming both consumers and other businesses in the long run.