Before digital photography, most film processing companies had a policy of printing every picture on a roll of film and allowing customers to request a refund for pictures that were not clearly developed.
The companies did this knowing that most customers did not ask for refunds. This was an example of consumers
A) being overly optimistic about their future behavior.
B) not making themselves aware of the policy regarding refunds.
C) failing to ignore sunk costs.
D) not taking nonmonetary opportunity costs into account.
Question 2
The following table contains the actual prices charged by four Web sites for a 3D Collector's Edition Blu-ray disc of the movie Marvel's Avengers: Age of Ultron in November 2015.
Amazon 24.99
Walmart 25.48
Best Buy 29.99
Disney Store 29.99
Explain whether the information in this table contradicts the law of one price.
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