Statement I: An example of price discrimination is where new customers get a better deal than old customers.
Statement II: Americans are provided with a greater amount of product differentiation than people in most other countries.

Question

Quizplus · Accepted Answer

Both statements are true. Statement I exemplifies a common practice in various industries where introductory offers are given to attract new customers, often at better rates than those offered to existing customers. Statement II reflects the high level of market segmentation and product customization in the American market, allowing for a wide range of product choices and differentiation.

Statement I: an Example of Price Discrimination Is Where New