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Petrol Price War

Jim Riley

28th November 2012

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A great starter for any lesson when teaching the topic of Oligopoly. This article from the Belfast Telegraph

http://www.belfasttelegraph.co.uk/news/local-national/uk/tesco-and-asda-cut-petrol-prices-16243256.html

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

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Jim Riley

Jim co-founded tutor2u alongside his twin brother Geoff! Jim is a well-known Business writer and presenter as well as being one of the UK's leading educational technology entrepreneurs.

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