[Steps Shown] Given the situation of a firm in an oligopoly market, describe how this industry fits the oligopoly model and what are the main factors that influence/shape
Question: Given the situation of a firm in an oligopoly market, describe how this industry
fits the oligopoly model and what are the main factors that influence/shape
competition in this oligopoly.
There is a gas station in a small town. The name of the gas station is "Clean petrol". There is only one gas station located across the street. There are 10,000 people in the town, but no more gas stations in the next 100 miles.
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