The figure below shows an individual firm in a perfectly competitive industry in which all firms have joined together to form a cartel. This firm has agreed to restrict its output to 600 units per day and raise its price to $5 per unit. Short description: A graph plots quantity in units per day against dollars per unit. Long description: The horizontal axis represents the quantity in units per day. The vertical axis represents dollars per unit. The graph plots two curves. The curve, ATC passes through the following points: (600, 4), (1000, 3), and (1200, 3.25). The curve, MC passes through the following points: (1000, 3) and (1200, 5). The two curves intersect at (1000, 3). FIGURE 10-8 Refer to Figure 10-8. As a participating member of the cartel in this industry, this firm has an incentive to cheat on its cartel agreement as long as a. MR > ATC. b. P > MC. c. MR < MC. d. P = MC. e. P > ATC