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PREDICTING: You are traveling and run low on gas in an out-of -the-way location. There is only one gas station for the next 30 miles.
PREDICTING: You are traveling and run low on gas in an out-of -the-way location. There is only one gas station for the next 30 miles. Would you expect to pay more or less than you would in an area with many gas stations ? How would you define this market structure
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