Question: Table: Demand Schedule of Gadgets table [ [ table [ [ Price of ] , [ a Gadget ] ] , table

Table: Demand Schedule of Gadgets
\table[[\table[[Price of],[a Gadget]],\table[[Quantity of],[Gadgets Demanded]]],[$10,0],[9,100],[8,200],[7,300],[6,400],[5,500],[4,600],[3,700],[2,800],[1,900],[0,1,000]]
(Ref 30-1 Table: Demand Schedule of Gadgets) Use Table 30-1: 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 nofixed 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, Margaret's price effect will be a(n) in profit of
decrease; $400
increase; $400
increase; $200
Table: Demand Schedule of Gadgets \ table [ [ \

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