Which standardized price point did Apple's iTunes Store establish in 2003 that revolutionized digital music sales and became the industry standard for individual song purchases?

The music industry has undergone dramatic transformations in how products are priced and sold. One particular pricing strategy revolutionized digital music consumption and helped combat piracy during a critical period. This pricing innovation established a psychological price point that became standard across digital music stores and influenced how consumers valued individual songs. Test your knowledge of this pivotal pricing strategy that helped reshape the entire music retail landscape.

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$0.99 per song
$1.29 per song
$0.49 per song
$2.99 per song