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Then why don't electric stove makers make the stove cycle run at a higher frequency, reducing the deviations? Or provide a larger diversity of max power outputs on different burners of the stove, or something.

Seems like this problem would have been solved long ago if enough people actually cared about it...

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I would imagine this is a situation where cost won over convenience. Particularly in the appliance space, products are often made actively worse in the name of driving down cost. And this isn't just one or two companies, it's virtually every single one.

This, of course, makes it unviable to produce a better product (like an electric stove with better temperature feedback/control) without dramatically increasing prices to make up for the loss in market share.

Well, not sure, but I had a little portable one that did not cycle at all.

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