robertr
5 years ago1,000+ Views
Uber cabs use a system of price surging to meet rising demand. When lots of people want rides the price goes way up. A lot of people think this is where the government should step in, when it looks like price gouging is obvious. Still, its not so simple, other industries like the hotel industry use similar price discrimination to meet demand. They regulate themselves by not spiking the price too much.
robertr
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soared
why? price discrimination means the demand has soard
interesting, people will probably stop using uber if these prices get so high
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