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A gas station just off the interstate highway often charges a higher price per gallon than a similar gas station in town. This is an
A gas station just off the interstate highway often charges a higher price per gallon than a similar gas station in town. This is an example of monopolistically competitive firms Behaving irrationally Offering benefits to local customers Using good prices to attract customers Using product differentiation to maximize profits 99+ HYPO TALK O LG
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