Question

A situation where very high pricing is charged from customers is called

Answer 1

Answer:

frouds creates such types of situations,

they increase the price of products,

or in countries having emergency has such type of situation

Answer 2

Answer:

Explanation:

Price skimming, also known as skim-the-cream pricing is a tactic that might be considered at market entry. The objective is to charge relatively high prices in order to recoup the cost of product development early in the life-cycle and before competitors enter the market.