Attempts

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Keep the Highest $/5$

$3.$ Breakdown of a cartel agreement

Consider a town in which only two residents, Gregor and Haidy, own wells that produce water safe for drinking. Gregor and Haidy can pump and sell as much water as they want at no cost$.$ For them, total revenue equals profit. The following table shows the town's demand schedule for water.

$\backslash$table$[[\backslash$table$[[$Price$],[($Dollars per gallon$)]],\backslash$table$[[$Quantity Demanded$],[($Gallons of water$)]],\backslash$table$[[$Total Revenue$],[($Dollars$)]]],[5\mathrm{.}40,0,0],[4\mathrm{.}95,45,$$$222\mathrm{.}75$