The following table contains the actual prices charged by four Web sites for a 3D Collector's Edition Blu-ray disc of the movie Marvel's Avengers: Age of Ultron in November 2015.
$$\begin{array} { | l | c | }
\hline \text { Amazon } & \$ 24.99 \
\hline \text { Walmart } & 25.48 \
\hline \text { Best Buy } & 29.99 \
\hline \text { Disney Store } & 29.99 \
\hline
\end{array}$$ Explain whether the information in this table contradicts the law of one price.

Question

The following table contains the actual prices charged by four Web sites for a 3D Collector's Edition Blu-ray disc of the movie Marvel's Avengers: Age of Ultron in November 2015.
 $$\begin{array} { | l | c | } 
\hline \text { Amazon } & \$ 24.99 \
\hline \text { Walmart } & 25.48 \
\hline \text { Best Buy } & 29.99 \
\hline \text { Disney Store } & 29.99 \
\hline
\end{array}$$ Explain whether the information in this table contradicts the law of one price.

Quizplus · Accepted Answer

The Answer of The following table contains the actual prices charged by four Web sites for a 3D Collector's Edition Blu-ray disc of the movie Marvel's Avengers: Age of Ultron in November 2015.
 $$\begin{array} { | l | c | } 
\hline \text { Amazon } & \$ 24.99 \
\hline \text { Walmart } & 25.48 \
\hline \text { Best Buy } & 29.99 \
\hline \text { Disney Store } & 29.99 \
\hline
\end{array}$$ Explain whether the information in this table contradicts the law of one price.

The Following Table Contains the Actual Prices Charged by Four