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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

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.

Quantity (in gallons) Price Total Revenue
0 $8 $0
50 7 350
100 6 600
150 5 750
200 4 800
250 3 750
300 2 600
350 1 350
400 0 0

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?

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Each seller will sell 20 gallons, charge a price of $6, and earn a profit of $80.

Each seller will sell 30 gallons, charge a price of $5, and earn a profit of $90.

Each seller will sell 40 gallons, charge a price of $4, and earn a profit of $120.

Each seller will sell 50 gallons, charge a price of $3, and earn a profit of $50.

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