Grocery stores and gasoline stations in a large city would, Ask an Expert

Economics

Grocery stores and gasoline stations in a large city would appear to be examples of competitive markets: There are numerous relatively small sellers, each seller is a price-taker, and the products are quite similar.
a. How could we argue that these markets are not competitive?

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Macroeconomics, Economics

Category:- Macroeconomics
Reference No.:- M9489719

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