Is surge pricing ethical?
An example of an AI chatbot conversation about the ethics of surge pricing.
What is surge pricing and how does it work?
Surge pricing is a strategy where prices increase during high demand periods to balance supply and demand.
Is surge pricing considered ethical?
The ethics of surge pricing is debated; some argue it reflects market dynamics, while others see it as exploitative.
Can you give examples of industries that use surge pricing?
Sure! Ride-sharing services like Uber and Lyft, as well as airlines and hotels, often implement surge pricing.
What are the arguments against surge pricing?
Critics argue it can take advantage of vulnerable customers, especially during emergencies or peak times.
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