The name of the concept is price skimming. The rationale mentioned by the parent is also stated in its Wikipedia entry [1]. Many may not know that behind the s

The name of the concept is price skimming. The rationale mentioned by the parent is also stated in its Wikipedia entry [1]. Many may not know that behind the scenes, Amazon hires economists just like their big tech peers MS, Google. [1] https://en.wikipedia.org/wiki/Price_skimming#Reasons_for_price_skimming https://en.wikipedia.org/wiki/Price_skimming#Reasons_for_pri...