14-271f13-th.jpg
Description:
Competitive gasoline markets with independent or small retailers typically demonstrate Edgeworth cycling, while markets dominated by majors tend toward sticky pricing. “gas_station_2.” Image courtesy of @abrunvoll on flickr. CC BY-NC-SA.
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14-271f13-th.jpg
Alt text:
At night, cars fill up at a multi-lane gas station.
Caption:
Competitive gasoline markets with independent or small retailers typically demonstrate Edgeworth cycling, while markets dominated by majors tend toward sticky pricing. (Image courtesy of @abrunvoll on flickr. CC BY-NC-SA.)
Credit:
“gas_station_2.” Image courtesy of @abrunvoll on flickr. CC BY-NC-SA.
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