Along the crowded counters of Bi-Rite Photo in midtown Manhattan, bargain hunter

Question

Along the crowded counters of Bi-Rite Photo in midtown Manhattan, bargain hunters contend not only with the usual bewildering selection of cameras and lenses but also with a choice of prices for the same item. The popular Nikon FE-2 camera, for example, costs either $279.50 or $239.50. What's the difference? Top dollar buys a camera backed by an authorized U.S. Nikon distributor. For the lower price, a buyer gets the same machine but with only Bi-Rite's guarantee.

This is an example of counterfeit market. True False

Explanation / Answer

True. This is an example of counterfeit market.

Counterfeit products are the fake replicas of the actual products often produced with the intention of taking the advantage of the superior value of the copied product. Counterfeit goods are inferior quality goods made and sold under another brand's name without the brand owner’s real authorization.

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