I've always thought of it more as in brands rather than price..... I am going to date myself pretty quickly with the brands, but none the less, everyone will get it.
Denon, NAD, Yamaha, entry level audiophile. and occasionally, each brand would step into midfi.
Adcom, Sumo, maybe a Hafler bridged into midfi....
Conrad Johnson, Threshold, Audio Research started High End....
Of course none of this is absolute Today, Brands like Schiit, go entry level and tip toe into mid as do others, but in general brands do target this way.
As product improves, there are some entry level priced products that are very good. There is more blurring and a ton of opinion, but when is that not the case in this hobby.