Business, 25.11.2021 06:10, contactjoankenny

g The market for gadgets consists of two producers, Margaret and Ray. Each firm can produce gadgets with no marginal cost or 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, Margaret's price effect will be a(n) in profit of . increase; $400 decrease; $250 increase; $250 decrease; $400

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g The market for gadgets consists of two producers, Margaret and Ray. Each firm can produce gadgets...