Which ancient civilization implemented the first known form of 'fixed pricing' to stabilize their economy during inflation, replacing the traditional haggling system in marketplaces?

Before modern retail analytics and pricing algorithms, ancient civilizations developed sophisticated systems for determining the value of goods. From Mesopotamian bartering equivalents to Roman price edicts, these early pricing strategies laid the groundwork for modern commerce. Test your knowledge about how ancient merchants maximized profits and managed their markets through strategic pricing decisions that still influence business practices today.

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Roman Empire under Emperor Diocletian (301 CE)
Babylonian Empire under Hammurabi (1754 BCE)
Han Dynasty China under Emperor Wu (118 BCE)
Egyptian New Kingdom under Pharaoh Thutmose III (1479 BCE)