Use the Following to Answer Question

question 59

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 at a marginal cost of $2 and no 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 profit will be _____,and Ray's profit will be _____.

• A)$1500;$1,000
• B)$900;$600
• C)$1,400;$1,000
• D)$1,000;$1,400

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Definitions:

Normalization Program

Initiatives or strategies aimed at ensuring individuals with disabilities or other marginalized groups can live a life as close to normal as possible.

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A metabolic disorder that causes progressive loss of intellectual functioning, vision, and motor functioning, resulting in death.

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A metabolic disorder caused by the body’s inability to break down the amino acid phenylalanine, resulting in intellectual disability and other symptoms.

Down Syndrome

A genetic disorder caused by a trisomy of the 21st chromosome, characterized by physical growth delays, characteristic facial features, and mild to moderate intellectual disability.