Dynamic Pricing

You’ve probably noticed that using a rideshare option during rush hour is more expensive than if you do it when traffic is light. And your local toll roads also charge more when nearby routes are clogged up. This is known as dynamic pricing. But how does it work? What other areas of life do we see this? And is this a fair way to set prices or is this predatory behavior? Radio America’s Erika Kyba investigates.

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