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can someone help me woth these questions? Thank you! 1. Most vehicle owners and drivers noticed that in the Municipality of 5 points Wisda, the

can someone help me woth these questions? Thank you! image text in transcribed
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1. Most vehicle owners and drivers noticed that in the Municipality of 5 points Wisda, the price of any petroleum product is 12-15 pesos lower than its counterpart in the gasoline stations located in Taglalaran City. Suppose you are the manager of Texcal- a gasoline station situated in the said City: and your gasoline station is just 5 kilometers away from Wisda: will the price disparity bothers you? Begin your answer with YES or NO then your reasons. Your answer 2. Based on the facts in item number 1. will the price disparity bothers you 5 points if your gasoline station is 50 kilometers away from Wisda? YES or NO then your reasons. Your answer In the Municipality of Tescor, there exist stiff competition between Cook 1 Ka Cola and Piipsee. When Cook introduced Cook Sakto (a soda in small container/somehow just 1 glass) Piipsee also introduced Piipsee Kuwang ( a soda in small container/somehow just 1 glass). When Piipsee introduced Piipsee Lemon, Cook also introduced Cook Kalamansi. When Piipsee offers 10% discount, Cook also offered 10% discount. In short, any action of the rival is immediately duplicated by the other. Based on your understanding about oligopoly more specifically about duopoly, is there any chance that these rivals will resort to collusion? YES or NO then your reason(s). * Your answer Submit

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