The city of Houston has arranged for two firms, P-Rod LLC and Ostdiek Co., to sell t-shirts at an upcoming event. No other firms can enter this market. P-Rod needs to decide whether to produce 10,000 or 20,000 t-shirts. Ostdiek needs to decide whether to produce 10,000 or 20,000 t-shirts. They must make their production decisions independently and without collusion. The cost to produce either 10,000 or 20,000 shirts is $5 per shirt for both firms. The market price depends on the total quantity the two firms produce: Price Total per Quantity Shirt 20,000 $30 30,000 $20 40,000 $15 Use game theory concepts to determine the likely number of t-shirts the two firms will produce. Part C (4 points) Would the firms benefit if they were allowed to collude