What is a likely consequence for a member of OPEC if it decides to defect and produce more oil than the amount set by the cartel? Question 1Answer a. It will make a higher profit today, but will return to its original level of profit in the long run b. It will make a lower profit today, but will make higher profits in the long run c. It will make a higher profit today, but face lower prices and lower profits in the long run d. It will make a lower profit today, but will return to its original level of profit in the long run