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Business, 04.11.2019 21:31 Lianabel0517

Behavioral economist richard thaler has studied several examples of how businesses make use of inconsistencies in consumerdecision-making. which of the following is an example of this? an example of businesses taking advantage of inconsistencies in consumer decision-making is

a. one hotel, such as marriott, attracting customers from another hotel, such as hilton hotels, by advertising thatmarriott's "add-ons" are more fairly priced than hilton's.
b. photographers requiring consumers to pay to develop every picture on a role of film even for pictures the consumer doesn't like or that are fuzzy.
c. banks increasing the price of a checking account and removing other costs to consumers such as atm fees, returned checkcharges, and minimum balance fees.
d. office supply stores requiring consumers to purchase"add-ons," such as an ink cartridge, at the same time that consumers purchase a "base good," such as a printer.
e. credit card companies not allowing stores to charge a fee to consumers if they pay with a credit card but allowing stores to provide a discount to consumers if they pay in cash.

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