Table: Demand Schedule of Gadgets Price of Quantity of a Gadget Gadgets Demanded $10 0 100 200 300 400 500 O - NWAVONOOD 600 700 800 900 1.000 (Table: Demand Schedule of Gadgets) The market for gadgets consists of two producers, Margaret and Ray. Each firm can produce gadgets with no marginal cost or fixed cost. If these two producers formed a cartel, split the production of output equally, and acted to maximize total industry profits, each firm's output would be , and each firm's profit would be O a. 500; $2,500 O b. 1,000; $10,000 O c. 1,000; $500 O d. 250; $1,250