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

question 370

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 20 gallons, charge a price of $6, and earn a profit of $80.
• B) Each seller will sell 30 gallons, charge a price of $5, and earn a profit of $90.
• C) Each seller will sell 40 gallons, charge a price of $4, and earn a profit of $120.
• D) Each seller will sell 50 gallons, charge a price of $3, and earn a profit of $50.

---

Definitions:

Ozone Molecules

Triatomic molecules consisting of three oxygen atoms, crucial for absorbing the majority of the sun's harmful ultraviolet radiation in the Earth's atmosphere.

Molecular Oxygen

A diatomic molecule composed of two oxygen atoms, O2, essential for most forms of life on Earth due to its role in cellular respiration.

Wildlife Habitats

Natural environments in which various species of wild plants, animals, fungi, and other organisms live and interact.

Increased Temperature

A rise in the average temperature of the Earth's atmosphere and oceans, often associated with global warming and climate change.