what would happen if Gas Station A charged $2.50 and Gas Station B charged $2.00, would Gas Station A make any money? What percentage of the cars driving by would be captured by Gas Station B? Based on your answer to question one, do you think it would be necessary for both gas stations to collude in order for both to charge a higher amount? Would it ever be beneficial to charge a higher amount knowing your competitor could charge a lower amount and earn more business? What does this tell us about monopolistic competition and oligopolies?