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Would "suggest price" be a positive option for steam?
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In a perfect world, sure, but in our reality you'd just get tons of people saying they want Elden Ring for a dollar or something.
But even if it worked, it's just games getting on sale faster. Right now, you can either pay a higher price today or wait until the game gets as cheap as you want, but it might take months or years.
As for just the information, how much people would pay for a game, that's what market research if for I guess.