Dynamic Pricing: When You Pay More Than the Next Guy

The concept of dynamic pricing is highlighted at fast food chains like McDonald's, which might charge more for a Big Mac at peak hours and less later in the day. This has sparked concerns about personalized pricing strategies. (Getty Images)

By    |   Thursday, 22 August 2024 08:39 AM EDT ET

How would you like to pay $6 for a McDonald's Big Mac during peak lunchtime hours but only $4 in the late afternoon?

How about shelling out $1,200 for a round-trip plane ticket between New York and Los Angeles three days before Christmas, but just $500 in September? Does being charged $120 for an Uber ride from a concert that would normally be $80 seem fair?

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How would you like to pay $6 for a McDonald's Big Mac during peak lunchtime hours but only $4 in the late afternoon?
dynamic, pricing, elizabeth warren, ftc, investigation, consumers
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2024-39-22
Thursday, 22 August 2024 08:39 AM
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