Grocery stores and gas stations in large cities would, Ask an Expert

Economics

Grocery stores and gas stations in large cities would appear to be examples of near-perfectly competitive markets because there are numerous small sellers, each seller is a price taker, and the products are quite similar. Do you agree with this statement? Could you make an argument that these markets are not competitive?

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Macroeconomics, Economics

Category:- Macroeconomics
Reference No.:- M9472426

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