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In the U.S. the price elasticity of gasoline is quite low (about -0.25), whereas the elasticity for a single gas station is very high. Why
In the U.S. the price elasticity of gasoline is quite low (about -0.25), whereas the elasticity for a single gas station is very high. Why is that? Choose the best answer. Group of answer choices Some gas stations sell food. Gas station owners collude to maintain high prices. There are few substitutes for gasoline as a fuel for cars; however, there are many susbtitutes for any single gas station. Electric cars don't use gasoline
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