What would you advise the legislature

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Reference no: EM131433039

Members of the California state legislature proposed (just this last year) to investigate whether or not oil companies in California were colluding on price. This suspicion was based on the their observation the when the price of oil changed, the price of gasoline at all stations across all brands seem to vary almost exactly the same. Further, service stations always seem to have very similar prices. What would you advise the legislature?

Reference no: EM131433039

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