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Petrol Price War
Jim Riley
28th November 2012
A great starter for any lesson when teaching the topic of Oligopoly. This article from the Belfast Telegraph
shows how when one supermarket slashes the prices of petrol (Tesco), the other follows suit (Asda).
I am using this article after teaching Game Theory.
See link below for further revision:http://www.tutor2u.net/economics/content/topics/monopoly/oligopoly_notes.htm