Use the Following to Answer Question

question 24

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 with no marginal cost or fixed cost.If these two producers formed a cartel and acted to maximize total industry profits,total industry profit would be:

• A)$10,000.
• B)$5,000.
• C)$2,500.
• D)$1,250.

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Definitions:

Neuroscience Perspective

An approach that explores the structure and function of the nervous system, including the brain, to understand behavior, thought, and emotion.

Aggressive Acts

Acts characterized by hostility or violence towards others.

Evolutionary

Pertaining to the process by which organisms change over generations due to inherited traits, natural selection, and adaptation.

Cognitive

Relating to mental processes involved in perception, memory, judgment, and reasoning.