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Use the following to answer questions: 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 and are maximizing total industry profits and splitting the production of output evenly between themselves. If Margaret decides to cheat on the agreement and sell 100 more gadgets, how many gadgets will she sell? A)  0 B)  250 C)  350 D)  600
-(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 and are maximizing total industry profits and splitting the production of output evenly between themselves. If Margaret decides to cheat on the agreement and sell 100 more gadgets, how many gadgets will she sell?

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Definitions:

Growth Rate

The rate at which an organism grows, often measured in terms of size, height, or mass increase over time.

Births

The occurrence of a baby or babies being born.

Deaths

The cessation of all biological functions that sustain a living organism, marking the end of an organism's life.

Climax Community

In ecology, community that results when succession has come to an end.

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