Table 17-12 the Table Shows the Town of Driveaway's Demand Schedule for Schedule

question 249

Multiple Choice

Table 17-12
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 17-12. If the market for gasoline in Driveaway is a monopoly, then the monopolist's maximum profit is

• A)$350.
• B)$400.
• C)$450.
• D)$500.

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Definitions:

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