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explain why the Indian-owned gas stations would price 30¢ lower than competitors (rather than a smaller price differential) and why a larger proportion of customers would be driving RVs or towing boats.

HSM 450 University of Rochester/The Simon Business School Managerial Economics and Organizational Architecture Seventh Edition Publisher: McGraw Hill By James A. Brickey/Clifford W. Smith/Jerold L. Zimmerman Chapter 2 Economist’s View of Behavior On a recent trip...

Reflect on the course material about how international trade improves technical progress by bringing more ideas to the table in general and from different parts of the world.

Reflect on the course material about how international trade improves technical progress by bringing more ideas to the table in general and from different parts of the world. Discuss an example situation or a situation from your own life that illustrates how either...