In the aluminum industry, competitors tend to cooperate with each other to benet as a whole, resulting in higher prices for consumers. Which of the following statements best describes their behavior? (Check all that apply) E] A. The incentive of future cooperation can effectively prevent defection. E] B. Detecting will reduce the current payoff slightly and increase future payoffs substantially. E] C. The threat of retaliation ensures that the bad equilibrium will be maintained throughout. E] D. It is the optimal long run strategy