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:

Withdrawal

An increase in the intensity of the opponent B state following the termination of the event.

Barbiturate

A class of drugs derived from barbituric acid that are used as sedatives, hypnotics, and anticonvulsants.

Instinctive Behavior

Actions or reactions that an organism is born with, such as reflexes and fixed action patterns, that are not learned.

Sign Stimulus

A distinctive environmental event that can activate the innate releasing mechanism (IRM) and release a fixed action pattern.