Mr. D'Souza wants his students to empirically find out that 'price levels cannot be very different in a competitive market'.

Which of the following would be an appropriate vacation project for this purpose?

1
Collect from news websites the price of 1 litre of petrol over the years and draw a graph.
2
Group different brands of smartphones based on price and derive which brands are competing against each other.
3
Go to a weekly vegetable market and ask different vendors the price of cabbage.
4
Go to a weekly shoe market and note down prices of a few types of shoes at each shop.

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