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the practice of introducing a new product on the market with high price then lowering over time is called
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the practice of introducing a new product on the market with high price then lowering over time is called

User SEK
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Answer:

price skimming

they lower the price because competitor enter the market and they want to give the best price

User BMN
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The practice of this is called “price skimming.”
User APoC
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