People Sometimes Point to Similar Gas Prices at Competing Gas

question 132

Multiple Choice

People sometimes point to similar gas prices at competing gas stations as evidence of collusion when they could just be selling at market price. If this is not good evidence of collusion, what is?

• A) The profits of the companies are unusually high in the short run.
• B) The station owners regularly have morning coffee together.
• C) There is some kind of punishment for cheating.
• D) Someone thinks they overheard their plans for collusion.

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