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 with no marginal cost or fixed cost.If these two producers formed a cartel and acted to maximize total industry profits,total industry output would be _____,and the price would be _____.
Definitions:
Arrows
In logic and mathematics, symbols used to represent logical relations, functions, or the direction of processes.
Numerals
Symbols or group of symbols representing numbers.
Propositions
Statements or expressions in logic that can be clearly evaluated as true or false.
Premises
Premises are statements or propositions that provide the basis for a conclusion in logical reasoning or argumentation.
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