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For the following, please answer True or False and explain why. A consumer purchases a book by driving across town to a bookstore, standing in
For the following, please answer "True" or "False" and explain why.
A consumer purchases a book by driving across town to a bookstore, standing in line for five minutes to pay the cashier, and then pays $5. The same book is purchased by another consumer who spends 2 minutes placing the order over the Internet for $10. The book necessarily cost the first consumer less.
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