Why is MSRP so high?

Could you please explain why the Manufacturer's Suggested Retail Price (MSRP) for this product is so high? I understand that there are factors like cost of production, materials, labor, and overhead expenses that go into determining the price, but it seems to be significantly higher than similar products on the market. Could you elaborate on what specific factors are driving up the MSRP for this particular item, and if there are any plans to adjust the price in the future? Thank you for your time and consideration.