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GoDaddy Premium Domain Cost

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I am sure this has been covered through the years, but I am curious: How does GoDaddy charge more for specific terms with the same extensions. I'm not talking about "premium" names that are sold through their service, but hand reg names. You could have the same extension, with a huge disparity in price. Are these names that were bought that GoDaddy now "owns," or is this just their price tag that will vary by registrar?
 
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