ITunes Charges British Customers 20 Percent More Than Customers in France

iTunes charges British customers 20 percent more than customers in France and Germany. Apple defended the price difference, saying that the "underlying economic model in each country has an impact on how we price our track downloads." An economist would say that Apple is engaged in:

A) collusion.
B) monopolistic competition.
C) price discrimination.
D) reverse engineering.

Correct Answer:

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