Business, 27.08.2020 14:01 haithjamel

Suppose there are 5 gas stations in Durham. All of them sell, among other things, 87 octane regular unleaded gas. Which of the following best describes the market for 87 octane gas in Durham? a) monopoly
b) undifferentiated oligopoly
c) perfect competition
d) monopolistic competition

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Suppose there are 5 gas stations in Durham. All of them sell, among other things, 87 octane regular...