Shell and Mobile, due to a turbulence in gasoline prices, must come up with new pricing strategies to stay competitive. For simplicity, let’s assume that both firms can choose between
setting the price at $3/gallon OR $2/gallon. They set their prices at the same time. Because
most Shell and Mobile stations, for some reason, are always next to one another, whoever sets
the lower price will get ALL the customers. If they set the same price the split the customers in
half. Suppose the market demand for a small town, Economiville is given by
P = 6 – 2Q
Where Q is measured by millions of gallons, and consumers in Economiville only have access to
Shell or Mobile. Shell and Mobile have no costs of producing the gas (assume they have a prior
contract with OPEC (organization of petroleum exporting countries) and have already paid for
the gas in stock). This allows us to consider them maximizing their revenue.

The new york stock exchange is an example of physical or individual

Which of the following is located at the point where the supply and demand curves intersect? a. the equilibrium price. b. the minimum supply. c. the level of efficient production. d. the maximum demand. 2b2t

50 points mark brainliest 1) the information in the interactive presentation suggests that people a) utilize the perception of others rather that out own perception b) learn more about the positive aspects of perception c) should monitor how perceptual barriers influence our relationship d) spend more times on our personal relationships rather than our professional relationships 2) you are about to take the dog out for a walk but pause to watch the news because you hear the name of your town being mentioned hearing your town being mentioned on the news is an example of a) stimulation b) interaction c) organization d) interpretation- evaluation 3) tamara thinks ivan is upset with her because hes been unusually quiet today to better interpret the situation and communicate appropriately tamara should a) ask ivan why hes quiet and explain that hes being inconsiderate b) leave ivan alone because hes obviously going through something c) ask her guidance counselor for tips on providing therapy to a friend d) examine her own perception and then check in with ivan about his behavior 4) of the following abilities which is the most important to the perceptual checking process a) critical thinking ability b) creative ability c) memorizing ability d) organizational ability