Which of the following statements is true of a bundled price?

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A bundled price is a pricing strategy where a firm offers a package of services or products for a single price. This strategy is simpler for a firm to administer than pricing each element separately, as it eliminates the need for complex pricing structures and calculations. Additionally, a bundled price may be preferable when consumers are not willing to pay "extra" for every part of the service, as they may perceive the package as a better value than purchasing each element separately.

Which of the Following Statements Is True of a Bundled