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What is third pricing model?
How does the third pricing model differ from a traditional two-tiered pricing model?
In a two-tiered pricing model, there are only two price points offered, generally one for a basic product or service, and one for a premium version with additional features. The third pricing model differs as it offers a mid-range option as well to cater to those who want a bit more than the basic price but don't need all the premium features.