What are the conditions under which market skimming makes sense?

What are the conditions under which market skimming makes sense?

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1. The product's quality and image must support its higher price, and enough buyers must want the product at that price.
2. The costs of producing a smaller volume cannot be so high that they cancel the advantage of charging more.
3. Competitors should not be able to enter the market easily and undercut the high price.

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Lellah answered the question on November 5, 2021 at 12:47

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