Problem-
Briefly define and explain dynamic pricing. Select a company that uses (or has used) dynamic pricing and respond to the following questions:
• Explain how the company you have chosen uses dynamic pricing.
• Discuss the benefits and drawbacks of dynamic pricing for that particular company.
• Conclude with a summary of your findings (Perloff, 2007).
• In your own words, post a response to the Discussion Board and comment on other postings.
Additional Information-
The problem is belongs to Economics and the problem is explore about pricing, particularly belongs to dynamic pricing. In this question, an example of a company using dynamic pricing has been discussed. Dynamic pricing is mostly used in airlines industry where this concept helps in earning additional revenues or covering up potential losses.