Table 17-10 the Table Shows the Town of Driveaway's Demand Schedule for Schedule

question 20

Multiple Choice

Table 17-10
The table shows the town of Driveaway's demand schedule for gasoline. Assume the town's gasoline seller(s) incurs a cost of $2 for each gallon sold, with no fixed cost.

-Refer to Table 17-10.If there are exactly five sellers of gasoline in Driveaway and if they collude,then which of the following outcomes is most likely?

• A) Each seller will sell 50 gallons and charge a price of $3.
• B) Each seller will sell 40 gallons and charge a price of $4.
• C) Each seller will sell 30 gallons and charge a price of $4.
• D) Each seller will sell 30 gallons and charge a price of $5.

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