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.If the industry were actually perfectly competitive,the output would be _____ gadgets,and the price would be _____.
Definitions:
Binge Eating
The consumption of large quantities of food in a short period of time, often associated with a feeling of loss of control over eating.
Anorexia Nervosa
An eating disorder characterized by an abnormally low body weight, an intense fear of gaining weight, and a distorted perception of body weight or shape.
Body Image
A person's perception of the aesthetics or sexual attractiveness of their own body, which may or may not align with societal standards.
Bulimic
Refers to an individual suffering from bulimia, an eating disorder characterized by episodes of binge eating followed by behaviors to prevent weight gain.
Q38: Airlines are prone to price wars because:<br>A)most
Q90: (Figure: Efficiency and Pollution)Use Figure: Efficiency and
Q104: A familiar example of a negative externality
Q120: Which statement does NOT describe OPEC?<br>A)OPEC is
Q143: (Figure: Demand,Revenue,and Cost Curves)Use Figure: Demand,Revenue,and Cost
Q150: (Figure: Profit Maximization in Monopolistic Competition)Use Figure:
Q214: (Table: Demand for Lenny's Coffee)Use Table: Demand
Q234: The model of monopolistic competition characterizes the
Q254: The demand curve facing a monopolist is:<br>A)horizontal,the
Q314: (Figure: PPV)Use Figure: PPV.The figure shows the