Answer the following question. show the work.1.two gas station stand on opposite sides of the road: rutter's farm store and sheetz gas station. rutter's doesn't even have to look across the highway to know when sheetz changes its price for a gallon of gas. when sheetz raises the price, rutter's pumps are busy. when sheetz lowers prices, there's not a car in sight. both gas stations survive but each has no control over the priceq: in what type of market do these gas stations operate? explain. q: what determines the price of gasoline and the marginal revenue from gasoline? q: describe the elasticity of demand that each of these gas stations faces/q: why does each of these gas stations have so little control over the price of the gasoline they sell?

While cell phones with holographic keyboards are currently in the introduction stage of the industry life cycle, tablet computers are in the growth stage. in the context of this scenario, which of the following statements is true? a. the industry for cell phones with holographic keyboards will face greater competition than the tablet industry. b. while the industry for cell phones with holographic keyboards will focus more on product innovation, the tablet industry will focus more on process innovation. c. while the industry for cell phones with holographic keyboards can reap the benefits of economies of scale, the tablet industry will experience no such benefits. d. the industry for cell phones with holographic keyboards will face price competition, whereas, in the tablet industry, the mode of competition will be non-price.