17. If five firms of similar sizes join to form a cartel, then it is most likely that all five firms will earn the same profits as before. they will collectively produce less than before. they will charge a common, lower market price. all five firms as a group will have falling profits, but increased output.

17. If five firms of similar sizes join to form a cartel, then it is most likely that
all five firms will earn the same profits as before.
they will collectively produce less than before.
they will charge a common, lower market price.
all five firms as a group will have falling profits, but increased output.

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