Use the Following to Answer Question

question 24

Multiple Choice

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 profit would be:

• A)$10,000.
• B)$5,000.
• C)$2,500.
• D)$1,250.

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Definitions:

Grow Taller

The process of increasing in height, which occurs through a combination of genetic factors and external influences like nutrition.

Co-sleeping

The practice of parents sharing a sleeping space with their young child or infant, often for ease of breastfeeding or comfort.

Sense of Smell

The olfactory ability to detect and identify odors through the olfactory system.

Touch

The sense that enables an organism to perceive and respond to pressure, temperature, and texture through physical contact.