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. Suppose we observe that the price of a gallon of gasoline in Driveaway is $2. Given this observation, which of the following scenarios is most likely?
A) There is one seller of gasoline in Driveaway.
B) There are two sellers of gasoline in Driveaway.
C) There are a few sellers of gasoline in Driveaway, but the number of sellers exceeds two.
D) There are many sellers of gasoline in Driveaway.
Correct Answer:
Verified
Q373: Table 17-12
The table shows the town of
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Only two firms, ABC and XYZ,
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The table shows the town of
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The table shows the town of
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Only two firms, ABC and XYZ,
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Q381: Cartels are difficult to maintain because
A)antitrust laws
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Q383: When oligopolistic firms interacting with one another
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