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:
Praise
The expression of approval or admiration for someone or something.
Negative Side Effects
Unintended and undesirable outcomes or reactions caused by a product or action.
Intrinsic Rewards
Internal satisfactions or motivations that come from within an individual, such as personal achievement or the joy of learning.
Purple
A color that is traditionally associated with royalty, nobility, luxury, power, and ambition.
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