When the Firms in an Oligopoly Are in a Cooperative

When the firms in an oligopoly are in a cooperative equilibrium and are maximizing their joint profits, which of the following statements is true?

A) MR > MC for each individual firm.
B) P > MC for each individual firm.
C) The firms in the industry will jointly be earning monopoly profits.
D) An individual firm could increase profits by cheating.
E) All of the above statements are true.