The gasoline market in the United States is often said to be highly competitive.It is not perfectly competitive,but it has features and results that are similar to those of a perfectly competitive market,such as ________.

Question

Quizplus · Accepted Answer

All of the options are true regarding the gasoline market in the United States. In a highly competitive market, an individual buyer cannot influence the market price of gasoline by himself, and an individual gas station cannot influence the market price by itself. Additionally, gas stations located near each other tend to charge the same or very similar prices, reflecting the competitive nature of the market.

The Gasoline Market in the United States Is Often Said