Yes, sometimes the yields are too good and there are an overabundance of chips that can be sold as high end. Pentiums with cache defects are sold as Celerons, but in a pinch, a Pentium might be sold as a Celeron.
Intel at one stage dipped their toes in the water of what would be a close analogy; your chip comes with half of its cache software disabled, and you pay $50 to unlock it.
They stopped pretty quickly, but I don't think it was from the inevitable tech community backlash. It was that it economically made no sense at Intel's scale - the alternative was to fab a new line of chips with less cache to start with.
https://www.engadget.com/2010/09/18/intel-wants-to-charge-50...