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The Economic Way of Thinking 13th Edition by David Prychitko, Peter Boettke, Paul Heyne
Edition 13ISBN: 9780132992695The Economic Way of Thinking 13th Edition by David Prychitko, Peter Boettke, Paul Heyne
Edition 13ISBN: 9780132992695 Exercise 11
Can an oil company raise the price of its gasoline to cover the costs of a huge oil spill for which it is liable? What would happen if ExxonMobil, for example, raised the refinery price of gasoline at a time when other refiners were not raising their prices?
Explanation
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The oil spills are one of the major envi...
The Economic Way of Thinking 13th Edition by David Prychitko, Peter Boettke, Paul Heyne
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