Use the Following to Answer Question

question 208

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 at a marginal cost of $2 and no fixed cost.Suppose that these two producers have formed a cartel,agreed to split production of output evenly,and are maximizing total industry profits.If Margaret decides to cheat on the agreement and sell 100 more gadgets,the market price of gadgets will be:

• A)$4.
• B)$5.
• C)$6.
• D)$7.

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Definitions:

Aggressively

Behaving or proceeding in a forceful or assertive manner, often with the intention to dominate or control.

Nonjudgmental

Refers to an attitude or approach that avoids making premature judgements or evaluations, typically in the context of understanding or interacting with others.

Assertive

Being confident without being aggressive; to express one's needs, desires, or opinions in a respectful and clear manner.

Aggressive

Expressing one’s interests while denying the rights of others by blaming, judging, and evaluating other people.