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You Are the Owner-Operator of the Better Gas Station in a Small

Question 125

Essay

You are the owner-operator of the Better Gas Station in a small southeastern town.Over the past 20 years,you and your rival have successfully kept prices at a very high level.You recently learned that your competitor is retiring and closing his station in two weeks.What should you do today?
Why?

Correct Answer:

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You'd better lower your price ...

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