Which of the following describes the competition between Petro-Canada and Shell Canada?
A) It is a form of oligopoly because they are the only companies to purchase from.
B) It is monopolistic since the companies are selling in different markets and not competing.
C) It is direct because both are targeting consumers who want to purchase gasoline products.
D) It is substitution because of various gasoline formulations manufactured.
Correct Answer:
Verified
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