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Explain the concept of dynamic pricing online and what it attempts to achieve. Dynamic pricing is currently used by Ticketmaster for many concert tickets (Taylor

Explain the concept of dynamic pricing online and what it attempts to achieve. Dynamic pricing is currently used by Ticketmaster for many concert tickets (Taylor Swift, for example). Describe both the benefits and the problems with dynamic pricing online. What types of products do you think are completely inappropriate for dynamic pricing in the digital environment? Explain.

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Dynamic pricing also known as surge pricing or demand pricing is a strategy where businesses adjust the price of a product or service based on various factors such as demand competitor pricing time of ... blur-text-image

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