The Organization of Petroleum Exporting Countries (OPEC) is a cartel, producing oil in the global market. The cartel frequently decides to reduce production to increase the price of oil. What does the prisoner's dilemma tells us is likely to happen in the situation? (1 Point) Firms will leave the cartel and exit the market. Some firms will lower their price to temporarily increase profits. All firms will cut back product to earn a higher price and higher profits. Some firms will cut back more than their set amount to gain even higher profits