Solved

The Underlying Reason Why Gasoline Prices at Neighboring Stations Is

Question 33

Multiple Choice

The underlying reason why gasoline prices at neighboring stations is usually identical is that


A) collusion is legal in the energy sector.
B) collusion is prevalent in the energy sector.
C) because under oligopoly, it can be in each firms best interest to independently charge a price equal to their competition's price.
D) these operators are usually friends and benefit from the other's presence.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents