Question 2. Read "Stop the Surge: Wendy's Flips Its Price Strategy" By Veronica Horton Mar 26, 2024

https://econeveryday.com/stop-the-surge-wendys-flips-its-price-strategy/

https://econeveryday.com/why-wendys-might-take-a-bigger-bite-of-your-burger-budget/

NPR:https://www.npr.org/2024/02/28/1234412431/wendys-dynamic-surge-pricing

CNN:https://www.cnn.com/2024/02/28/business/wendys-dynamic-pricing-surge-explained/index.html;

1. Discuss the concept of surge pricing in the fast-food industry using peak load pricing graphs. What would the ability to surge price suggest about a company's market power?

2. Why might surge pricing be easier for ride share companies than for fast food companies?