Which famous inventor's pricing strategy, known as 'price skimming followed by penetration pricing,' revolutionized an industry by making a previously luxury item affordable to the middle class?

The world of inventions and discoveries isn't just about technical innovation—it's also about business model innovation. Throughout history, certain pricing strategies have completely transformed industries and enabled groundbreaking products to reach mass markets. This trivia question explores a pivotal pricing strategy that revolutionized an entire industry and made a world-changing invention accessible to millions who previously couldn't afford it.

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Henry Ford with the Model T automobile, reducing prices from $850 to $260 through assembly line efficiencies
Thomas Edison with the light bulb, initially selling at premium rates to businesses before mass-market household pricing
Alexander Graham Bell with the telephone, using subscription-based pricing to lower initial adoption barriers
Guglielmo Marconi with radio technology, implementing a freemium model where devices were cheap but content was premium