Suppose you are the owner-operator of a gas station in a


Question: When other firms react

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

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Macroeconomics: Suppose you are the owner-operator of a gas station in a
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