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A Company Specializing in Foreign Language Lessons Sells One Set

Question 378

Multiple Choice

A company specializing in foreign language lessons sells one set of lessons for $199, but all five sets of lessons purchased upfront sell for $499, a discount of nearly 50%. The company is offering this large discount in hopes that its consumers experience


A) a sense of altruism.
B) a sunk cost fallacy.
C) a framing bias.
D) overconfidence.

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