Author Topic: Election 2019: Do something different!  (Read 10614 times)

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Offline Omni

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Re: Election 2019: Do something different!
« Reply #30 on: May 19, 2019, 12:06:22 am »
Huh? What makes you think gas stations don't watch each others prices because they are posted on sign outside of every gas station? If one station lowers prices the others near by are have to follow suit or lose business. At some point a gas stations will sell all the gas they have and need to raise prices to pay for the next shipment. Others will follow suit as their run out of fuel. It is a constant see saw because the market is competitive. You really don't understand how a competitive market works.

I guess it depends on what your understanding of competitive means. In gas stations, some are totally owned by the supplier who's marketing dept. sets the price. Others are independently owned but the supplier still sets the price and also requires the owner to meet a certain volume of sales. The owner can play with prices as they choose under those confines. Not a lot of people go into business to take a loss so essentially the prices are dictated by the supplier.