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. 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 _____.
Definitions:
Color Deficiencies
Visual impairments in which an individual cannot perceive color differences, commonly referred to as color blindness, which can range from mild to severe.
Light Waves
Electromagnetic waves that are visible to the human eye.
Sound Waves
Vibrations that travel through the air or another medium and can be heard when they reach an ear.
Wavelength
The distance between successive crests of a wave, especially points in a sound wave or electromagnetic wave.
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