Question $10$

$1$ pts

$[$Sharkie$]$ Sharkie Co$.$ has developed a product featuring an immersive swimming with sharks experience using VR technology. This innovative product has no competitors in the market. Consequently, Sharkie Co$.$ plans to initially set a high price for their product and then gradually lower it as demand decreases. Which pricing strategy is Sharkie Co$.$ employing?

Skimming

Penetration

Prestige Pricing

Demand$-$minus

Chain Markup