Competition at work in gas stations
Results of a Canadian study shed light on how competing gas stations within a single town adjust their prices at the pumps
Why is it that gasoline prices always seem to rise faster than they fall? And do variations in gasoline prices from one area to another indicate a lack of competition in the gasoline market?
To try to answer these questions and enable a better understanding of how gas stations set their prices a Can....
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But is this theory correct?
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