Explain Why Gasoline Stations Across the Street from Each Other

question 40

Essay

Explain why gasoline stations across the street from each other with large signs displaying their prices may "legally" jointly set monopoly prices.

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Definitions:

Cerebellum

A region of the brain that plays an important role in motor control, and it may also be involved in some cognitive functions such as attention and language as well as in regulating fear and pleasure responses.

Interneurons

A type of neuron located within the central nervous system that acts as a link between sensory neurons and motor neurons, processing information.

Dendrites

Branch-like extensions of neurons that receive signals from other neurons and conduct them toward the cell body.

Axon

The axon is a long, slender projection of a neuron that conducts electrical impulses away from the neuron's cell body toward other neurons or to muscles or glands.