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Consider the following prices from a McDonald's Restaurant: Big Mac Sandwich $2.77 Large Coke $1.31 Large Fry $1.10 A McDonald's Big Mac value meal consists

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Consider the following prices from a McDonald's Restaurant: Big Mac Sandwich $2.77 Large Coke $1.31 Large Fry $1.10 A McDonald's Big Mac value meal consists of a Big Mac sandwich, large Coke, and a large fry. Assuming that there is a competitive market for McDonald's food items, at what price must a Big Mac value meal sell to insure the absence of an arbitrage opportunity and uphold the Law of One Price? O A. $3.89 O B. $4.40 OC. $5.18 OD $6.48

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