Question

At a busy intersection in Atlanta, there are four competing gas stations. Each of the stations charges about the same for each gallon of gasoline. The pricing objectives of these firms is
1. survival.
2. market share goals.
3. status-quo pricing.
4. profit maximization.
5. competitive

Answer 1

Answer:

3. status-quo pricing

Explanation:

Based on the information provided within the question it can be said that the pricing objective for these firms is status-quo pricing. This is a pricing strategy of copying the prices of the competitors in the same industry or maintaining the current price that the company already has. This is what the gas stations in Atlanta are doing by charging the same prices.