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Demand schedule for gadgets

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(Table: Demand Schedule for Gadgets) Look at the table Demand Schedule for Gadgets. The market for gadgets is dominated by two producers, Margaret and Ray. Each firm can produce gadgets at a marginal cost of $2. The table shows the market demand schedule for gadgets. Suppose that these two producers have formed a cartel and are maximizing total industry profits. If Margaret decides to cheat on the agreement and sell 100 more gadgets, how many gadgets will Margaret sell?

Reference no: EM131049266

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