Use the Following to Answer Question

question 218

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 industry output is 700,each firm's profits will be _____ than they would be at the output of 500,which maximizes industry profit.

• A)$150 less
• B)$150 more
• C)$200 more
• D)$200 less

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Definitions:

Enduring

Enduring refers to lasting over a long period of time, demonstrating persistence or resilience in the face of challenges.

Distinctive Thoughts

Unique or specific mental processes or ideas that set an individual or concept apart from others.

Demands of Reality

Refers to the pressures and requirements placed on individuals by the factual conditions or situations of life.

Freud

Sigmund Freud, an Austrian neurologist and the founder of psychoanalysis, a clinical method for treating psychopathology through dialogue between a patient and a psychoanalyst.