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What is one of the drawbacks of using a price skimming strategy? Multiple Choice Price skimming is often challenged as being illegal. Price skimming does

What is one of the drawbacks of using a price skimming strategy? Multiple Choice Price skimming is often challenged as being illegal. Price skimming does not work well with new-to-the-market, innovative products. Firms must consider the high costs associated with producing a small volume of product. Price skimming allows competitors to easily enter the market. It is difficult to lower prices on an introductory product

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