Use the Following to Answer Question

question 245

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.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,Margaret's quantity effect will be a(n) _____ in profit of _____.

• A)decrease;$250
• B)increase;$150
• C)increase;$400
• D)decrease;$400

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Definitions:

Self-Disclosure

Purposefully providing information about yourself to others that they would not learn if you did not tell them.

Social Penetration

A theory that describes how interpersonal relationships develop through gradual sharing of deeper and more personal information.

Filtering

Process of reducing the number of partners at each stage of relational development by applying selection criteria.

Dyadic Effect

The reciprocal nature of self-disclosure: “You disclose to me, and I’ll disclose to you.”