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Suppose a retail firm that wants to maximize its profits accepts only cash ordebit-card payment. In refusing to accept credit-card purchases , the firm is
Suppose a retail firm that wants to maximize its profits accepts only cash ordebit-card payment. Inrefusing to accept credit-card purchases, the firm is behaving ______, because it is not taking advantage of the ______ of its customers.
a.positively, unrealistic expectations
b.normatively, risk aversion
c.ethically, status-quo bias
d.irrationally, mental accounting
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