If there are three Shell gas stations within an 8-mile radius, and each has a different price per gallon, which do you think would get the most business? How would this affect each station's pricing or price changes? How would all this affect other businesses in the vicinity of each?
$2.09/gallon
$2.19/gallon
$2.33/gallon
Explain how competition among businesses can influence a marketplace? please help.
1 answer