The Following Table Contains the Actual Prices Charged by Four

question 170

Essay

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.

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Definitions:

Foreign Currency Transactions

Deals or exchanges that involve the use of currency other than the domestic currency of the entities involved.

Straight-Line Method

An accounting method of depreciation that allocates an asset's cost evenly throughout its useful life.

Functional Currency

The currency of the primary economic environment in which an entity operates and carries out its financial transactions.

Cash Dividend

A distribution of a portion of a company's earnings paid to its shareholders in the form of cash.