Question: Apple offered its iPhone 1 1 for $ 6 9 9 , under the presumption that consumers see the smartphone as priced something over $

Apple offered its iPhone 11 for $699, under the presumption that consumers see the smartphone as priced "something over $600" rather than $700.." This is an application of what pricing strategy?
Apple offered its iPhone 11 for $699, under the presumption that

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