Use the Following to Answer Question

question 128

Multiple Choice

Use the following to answer question:
-(Table: Demand Schedule of Gadgets) Use Table: Demand Schedule of Gadgets.The market for gadgets consists of two producers,Margaret and Ray.Each firm can produce gadgets at a marginal cost of $2 and no fixed cost.Suppose that these two producers have formed a cartel,agreed to split production of output evenly,and are maximizing total industry profits.If Margaret decides to cheat on the agreement and sell 100 more gadgets but Ray continues to sell 200 gadgets,Ray's profits will be:

• A)$1,400.
• B)$1,250.
• C)$600.
• D)$400.

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Definitions:

Psychosocial Stages

A theory by Erik Erikson that human development is governed by a sequence of stages that depend on social and emotional factors.

Psychosocial Development

Erik Erikson's theory that individuals pass through eight developmental stages, each involving a specific psychosocial conflict that contributes to personality development.

Psychosocial Development

A concept introduced by Erik Erikson, referring to the growth and development of the individual’s psyche in and interaction with their social environment.

Initiative

A willingness to take charge or begin actions independently.