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by masonic 2315 days ago
I love how two other items use the identical photo... One at $20 and the other at $100.
1 comments

Merchants will create new items on the site and assign them randomly-increased prices to test pricing strategies. The reason is there are plenty of suckers who will buy things at any price who don't know what things cost. Often, I'll find items on Amazon at 100%-300% of prices elsewhere. Heck, I just found an old, out-of-print book for an obsolete technology going for $800.
It’s called “price discovery”. Consider it a form of pricing A/B testing.