The Following Table Shows the Payoff Matrix of the Two

Multiple Choice

The following table shows the payoff matrix of the two firms (Firm X and Firm Y) , in dollars, when they advertise and when they do not advertise.Table 12.1

-Which of the following is true of a successful cartel?

A) A successful cartel offers consumers the lowest possible price for a product.
B) A successful cartel minimizes profits for its members.
C) A successful cartel behaves as a monopolist in the market.
D) A successful cartel produces a quantity greater than that produced in a competitive market.
E) A successful cartel is always stable.