Newton Mobile spent the past five years developing a mobile phone that is the size of a fingernail and that can be implanted under your skin. There is huge demand for this unique offering, so Newton charges $$2,500$ per phone, nearly $$1,500$ more than the highest priced phone that is currently available. Newton is most likely using which alternative pricing strategy?

Multiple Choice

price skimming

penetration pricing

high$-$low pricing

credit terms

competitive$-$based