What is surge pricing in ridesharing?
Surge pricing is a pricing strategy used by ridesharing companies where fares increase during high demand periods.
Why do companies implement surge pricing?
Companies implement surge pricing to balance supply and demand, ensuring that enough drivers are available during peak times.
How can I avoid surge pricing?
You can avoid surge pricing by scheduling rides during off-peak hours or using fare comparison tools to find the best time.
Does surge pricing apply to all ridesharing services?
Not all ridesharing services use surge pricing, but many popular ones like Uber and Lyft do, especially in busy areas.
Is there a way to get notified about surge pricing?
Yes, some apps offer notifications for surge pricing, or you can check the app before requesting a ride to see current rates.
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