Question

Ilsia is driving home from work. She needs to buy gas and notices an exxon-mobil station on one side of the street and a shell station on the other side of the street. Although run by different companies, the two stations sell gasoline at the same price.

Answer 1

Part a:

“consumers view gasoline from different gas stations as perfect substitutes”

Park b:

“It will lose costumers to the cheaper station across the street.”

Step-by-step explanation: