Use the following to answer questions: 
-(Table: Demand Schedule for Gadgets) Look at the table Demand Schedule for 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 these two producers formed a cartel, split the production of output equally, and acted to maximize total industry profits, each firm's output would be _____ and each firm's profit would be _____.
Definitions:
Formal Proposal
A detailed document submitted to offer solutions or services to a potential client, often following specific guidelines and structure.
Components
Individual parts or elements that make up a larger system, machine, or piece of equipment.
Formal Reports
Detailed and structured documents that present information, analysis, and conclusions on specific topics or issues.
Organization's Qualifications
The credentials, expertise, and capabilities that make an organization suitable for a particular task or role.
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