Which pricing strategy, first popularized by Uber, uses algorithms to automatically increase fares during periods of high demand in the transportation industry?

Dynamic pricing has transformed the transportation industry, allowing companies to optimize revenue based on real-time demand and supply conditions. From ride-sharing services to airlines and public transit, sophisticated algorithms now adjust prices instantaneously. This trivia question tests your knowledge about one of the most innovative pricing strategies that has disrupted traditional transportation models in recent years.

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Surge pricing
Value-based pricing
Penetration pricing
Subscription pricing