The big advantage of price skimming is that it typically discourages or blocks competition from entering a market.

Name: The big advantage of price skimming is that it typically discourages or blocks competition from entering a market.
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Question

Quizplus · Accepted Answer

Price skimming involves setting high initial prices, which can attract competitors seeking to capitalize on the high margins, rather than discouraging them.

The Big Advantage of Price Skimming Is That It Typically