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Use the following to answer question: 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.Suppose that these two producers have formed a cartel and are maximizing total industry profits and splitting the production of output evenly between themselves.If Margaret decides to cheat on the agreement and sell 100 more gadgets,how many gadgets will she sell? A) 0 B) 250 C) 350 D) 600
-(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.Suppose that these two producers have formed a cartel and are maximizing total industry profits and splitting the production of output evenly between themselves.If Margaret decides to cheat on the agreement and sell 100 more gadgets,how many gadgets will she sell?

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Definitions:

Punishment

A process in which a behavior is followed by a consequence that decreases the likelihood of that behavior's recurrence.

Suppressed

Prevented from being expressed or known, often referring to emotions, desires, or information that is intentionally kept from being disclosed or recognized.

Spanking

A form of punishment involving hitting the buttocks with the hand or an object as a disciplinary measure.

Replacement

The act of substituting someone or something with another person or thing.

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