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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 and acted to maximize total industry profits, total industry output would be _____ and the price would be _____.
Office Supplies
Items used in offices for daily operations, including paper, pens, and other materials not directly linked to the manufacturing process.
Supplier's Account
An account used to record transactions and balances owed to suppliers.
Customer Account
An account representing the ongoing transactions, balances, and records of purchases and payments between a company and its customer.
Customer Account
An account maintained by a business for each customer to track transactions, balances, and other relevant information.
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