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Market skimming works when
More number of buyers has a high current demand
High price reflects the image of a superior product
Both a & b
None of the above
A pricing approach in which the producer sets a high introductory price to attract buyers with a strong desire for the product and the resources to buy it, and then gradually reduces the price to attract the next and subsequent layers of the market.
By: Barka Mirza ProfileResourcesReport error
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