(Table: Demand Schedule for Gadgets) Look at the Table Demand

question 96

Multiple Choice

(Table: Demand Schedule for Gadgets) Look at the table Demand Schedule for Gadgets.The market for gadgets is dominated by two producers, Margaret and Ray.Each firm can produce gadgets at a marginal cost of $0.The table shows the market demand schedule for gadgets.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:

Time Management Skills

Time management skills involve effectively organizing and planning how to divide one's time between specific activities to increase efficiency and productivity.

Undifferentiated Selling Approach

A marketing strategy ignoring segment differences and appealing to the market as a whole, focusing on what is common in the needs of consumers.

Territorial Evaluation

The assessment of sales territories to ensure optimal performance and alignment with strategic sales goals.

Sales Territory

A specific geographic area or segment of customers assigned to a salesperson or team for the purposes of marketing and sales.