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You are the owner-operator of the Better Gas Station in a small southeastern town. Over the past 20 years, you and your rival have successfully

You are the owner-operator of the Better Gas Station in a small southeastern town. Over the past 20 years, you and your rival have successfully kept prices at a very high level. You recently learned that your competitor is retiring and closing his station in two weeks. What should you do today? Please explain.

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