Assertion: If the company has history of price skimming then consumers will never buy a product when it is newly launched. Reasoning: Price skimming is not a viable option when there are strict legal and government regulations regarding consumer rights.

Both Assertion (A) and reasoning (R) are correct and R is the correct explanation of A. Both Assertion (A) and reasoning (R) are correct and but R is not the correct explanation of A. Assertion (A) is true but Reasoning (R) is not correct. Assertion (A) is not true but Reasoning (R) is correct.

Both Assertion (A) and reasoning (R) are correct and but R is not the correct explanation of A.

Price skimming is not a viable option when there are strict legal and government regulations regarding consumer rights. If the company has history of price skimming then consumers will never buy a product when it is newly launched, they would rather wait for a few months and buy the product at lower price.