5 ms·
Surge pricing works well only if there is real competition. Think: multiple competing machines selling bottled water/soda within a short walking distance. I'm
by cs702 3y ago
Surge pricing works well only if there is real competition. Think: multiple competing machines selling bottled water/soda within a short walking distance.
I'm not sure it would work well for consumers in a monopoly or duopoly. Think: only one bottled water/soda machine available on a really hot day.