Confusopoly (with a note on retail gasoline market strategies)

Michael Giberson In case you missed it: a little economics courtesy of Scott Adams and Dilbert: Some economists have asserted that Edgeworth competition in retail gasoline markets involves a variant of this strategy. If the same retail store always had the lowest price, even the most confused customer would eventually figure it out. Keep the … More Confusopoly (with a note on retail gasoline market strategies)