Key Concepts: Monopolistic
Competition, Oligopoly and Interdependence, Summary of Market Structures and
the Information Assumption
GasPriceWatch.com—Survey of Gas
Prices
Enter your home zip code and select "1, 5 & 10 miles" in the "Radius"
dialog box. Then click the "Submit" button to compare the listed gas prices.
- Why do gas stations located close to each other tend to sell gasoline at
similar prices?
- Explain why lowering the gasoline price may not be the dominant strategy
for gas stations that are located close to each other.
- Click on the list of "completed auctions" at the Federal Communications
Commission (FCC) auctions page
and browse the links within. Explain how businesses may play sequential games
when participating in FCC auctions.
