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Tidy Tidy
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Posts: 4852
8 years ago
Most film processing companies have 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 do this knowing that most customers do not ask for refunds. This is an example of consumers
A) failing to ignore sunk costs.
B) being overly optimistic about their future behavior.
C) not taking nonmonetary opportunity costs into account.
D) not making themselves aware of the policy regarding refunds.
Textbook 
Essentials of Economics

Essentials of Economics


Edition: 4th
Authors:
Read 624 times
1 Reply
Repeat after me: 'Calm down. Things are gonna be fine. Things are gonna be all great. Just relax.' Wink Face
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VincenzoDVincenzoD
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Top Poster
Posts: 1913
8 years ago
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Tidy Author
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8 years ago
this is exactly what I needed
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Yesterday
Smart ... Thanks!
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2 hours ago
Thanks for your help!!
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