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Suppose that a firm's potential customers succumb to the endowment effect. Explain how a firm could take advantage of this bias.
Reliable
The quality of being consistently good in performance, accuracy, or being able to be trusted.
Depression
A common mental health disorder characterized by persistent sadness, lack of interest, and a range of physical and emotional problems.
Winter
The coldest season of the year, characterized by shorter days, longer nights, and typically, snowfall or colder temperatures, depending on the region.
Spring
One of the four temperate seasons, typically associated with rebirth, renewal, and growth.
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