We had already announced that Android Market was receiving paid applications but after digging deeper into the fine print, it looks like there's going to be a limit of how much Android applications will cost in the market.

The current range will be set anywhere from $0.99 to $200. We think that's a fair price range that should hopefully avoid stupid elitist $1000 apps like that "I am Rich" application for the iPhone. What do you guys think?

[ars technica]