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Which of the following is not correct with regard to oligopoly?

Q: Answer-&lt;p&gt;Which of the following is not correct with regard to oligopoly?&lt;/p&gt;

In oligopoly, the cartel is usually cooperative. Because if the cartel members do not cooperate and cheat, the there would be no incentive to remain in the cartel, because i f all members cheated, the cartel would cease to earn monopoly profits.

A In an oligopolistic market, the cartel is non-cooperative.

B Under Cournot model of oligopoly, firms choose quantities simultaneously and independently, and industry output determines price through demand

C The cartel price is determined by market demand curve at the level of output chosen by the cartel

D A cartel will choose to produce less output and charge a higher price than would be found in a perfectly competitive market

E The cartel's profit‐maximizing decision is the same as that of a monopolist

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Which of the following is not correct with regard to oligopoly?

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