Question: Table: Demand Schedule of Gadgets table [ [ table [ [ Price of ] , [ a Gadget ] ] , table
Table: Demand Schedule of Gadgets
tabletablePrice ofa GadgettableQuantity ofGadgets Demanded$
Ref 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 $ 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 more gadgets, Margaret's price effect will be an in profit of
decrease; $
increase; $
increase; $
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