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Price skimming is pricing policy by the producer to sell his product with initially for high price and then at decreasing rate over the time.

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Price skimming is pricing policy by the producer to sell his product with initially for high price and then at decreasing rate over the time.

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Price skimming is setting a high price for an item and then lowering the price over time. This is used on products that are in short supply with high demand.

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With a price-skimming strategy, the price is initially set high, allowing firms to generate maximum profits from customers willing to pay the high price

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Price skimming is setting a high price for an item and then lowering the price over time. This is used on products that are in short supply with high demand.

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Price skimming is a strategy by which the initial price set is the highest initial price any customers will pay. As those customers pay those prices, the price lowers to bring in more customers.

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