Gary's Gas and Frank's Fuel are the only two providers of gasoline in their town. Below is the demand schedule for the market of gasoline. Assume that the cost of producing gasoline is zero per gallon (AC-0, FC-0). Suppose that the two producers collude (split production and profits evenly), what are the profits of each firm? Q demanded (in gallons) 4 6 7 10 Market price (in dollar) $22 $20 $18 $16 $14 $12 $10 $8 $6 $0 O $70 O $72 O $36 O $76 $64 91 8 3. 2. 1,

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