To Maximize Profits, Managers of a Cartel Must

To maximize profits, managers of a cartel must

A) set a price based on the largest member's marginal cost of production.
B) set a price based on the smallest member's marginal cost of production.
C) allocate production based on the average cost of all members taken as a whole.
D) allocate production based on the "rule of marginal cost."
E) allocate production based on the weighted average marginal cost of all members taken as a whole after adjusting for fluctuations in international currency exchange rates.