Use the following to answer question: 
-(Table: Demand Schedule of Gadgets) Use Table: Demand Schedule of 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 _____.
Definitions:
Per Month
A time frame or billing period referring to the activities or costs accrued within a single month.
Monopolist
An individual or entity that has exclusive control over the supply or trade of a commodity or service in a particular market.
Economic Efficiency
A condition in which resources are distributed in a manner that optimizes the creation of goods and services while minimizing expenses.
Demand Conditions
The market requirements and consumer preferences that influence the demand for goods and services, including price, quality, and accessibility.
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