The terms shadow price and reduced cost mean the same thing.

Why would a price skimming strategy probably not work for a “me-too” product, something very similar to a new-to-the-world product?

The pricing strategies of car dealers and airlines are somewhat unique and are examples of variable pricing.  Unlike the price of most goods that remain static for some period of time, these two are example of pricing that fluctuates constantly.  Two people may pay different prices for a car or an airline ticket on the same day.  Please read the two articles below and answer the following questions in a short few paragraphs.  How do the two differ in strategy and what drives this difference?  Find an example of another good or service that is priced like automobiles or airline seats and explain the process.  https://www.nerdwallet.com/blog/loans/dealers-set-car-prices/ https://www.farecompare.com/travel-advice/understanding-airline-ticket-prices-why-your-seatmates-airfare-cost-more-or-less-than-yours/

Write down and explain the points that companies should pay attention to when determining their price policies.