Which of the following is not correct? Question 20 options: Cooperation among oligopolists may not be in the best interest of the consumer. When there is a formal agreement among oligopolists on what price to charge and how much to produce this is known as a cartel. The kinked demand curve reflects the fact that as production increases the price of the product drops. The kinked demand curve assumes that a business's rivals will ignore a price increase but match a price cut